Economics/Class Relations

Millennials expect lifetime of rent as American dream evaporates

Home prices rose a record-breaking16.9 percent in 2021. Meanwhile, rent payments are surpassing mortgage costs in major US cities. Wall Street firms are buying up lower-income “starter homes” as an investment. But debt-saddled, low-earning millennials see the once-commonplace “American Dream” of homeownership receding ever further from their reach. Tyrel Ventura of “Watching the Hawks” shares his analysis.

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