‘The consequences spread outward from there’

‘Tens of millions of Americans will never own a home — consequences will be severe’

John Mac Ghlionn at The Hill

Real estate “has been crushed for a second consecutive year — this time by a war in Iran that has sent mortgage rates soaring,” says John Mac Ghlionn. The market has “become a staring contest where nobody blinks, nobody moves, and the country suffers.” Homeownership has “long been the primary vehicle through which middle class Americans build wealth.” Take it “away, and...