You do understand that even in the worst third world countries there are still people who can afford to buy homes. That doesn't indicate that people are doing well overall.
You do understand that even in the worst third world countries there are still people who can afford to buy homes. That doesn't indicate that people are doing well overall.
We have lots of people buying homes today. The level is lower than a few years ago - I get that. But people are buying homes. What's your solution? Crush existing home equity to give more people a chance to buy? And then what? Crush theirs in a few years?
Solution: stop turning the US into third world economy with a dictatorial leader and a permanent majority underclass.
How do you define the underclass? What income are you considering? What wealth level are you factoring?
And we do this....how? Did you vote in the last election?