Housing Is the greatest wealth building tool that the majority of Americans have benefited from. The middle class has effectively been shut out of home purchase. Economic volatility during the 2008 great recession started the decline in New housing construction followed by corporate and hedge fund, purchasing residential housing. This caused an escalation in rapid appreciation then came the doubling of interest rates. In Montana only the top 20% of income earners can afford a home. We are witnessing the making of anew class of poor, our middle class.
Housing Is the greatest wealth building tool that the majority of Americans have benefited from. The middle class has effectively been shut out of home purchase. Economic volatility during the 2008 great recession started the decline in New housing construction followed by corporate and hedge fund, purchasing residential housing. This caused an escalation in rapid appreciation then came the doubling of interest rates. In Montana only the top 20% of income earners can afford a home. We are witnessing the making of anew class of poor, our middle class.
It's not just the house..inflated property values have doubled property taxes..insurance up cause hurricanes fires building on cliffs