Analysis
Opinion

Locked Out of the Dream: Regulation Making Homes Unaffordable Around the World

Locked Out of the Dream: Regulation Making Homes Unaffordable Around the World
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News Analysis
Next to inflation, Americans ranked housing as their top financial worry in a Gallup survey last May, and it’s only gotten worse. January home sales were down by 5 percent from the prior year’s dismal numbers. Record numbers of first-time buyers are stuck on the sidelines as housing affordability stands at the lowest level ever recorded, while one in three Americans now spend more than 30 percent of their income on mortgage or rent.
Joel Kotkin is the Presidential Fellow in Urban Futures at Chapman University and executive director of the Urban Reform Institute. He is the author of “The Coming of Neo-Feudalism: A Warning to the Global Middle Class.”
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