From today’s Wall Street Journal:
Across the U.S., new-home construction has remained at historical lows throughout the housing recovery of the last five years, but the share of starter homes priced below $200,000 has dwindled more than any other segment, according to U.S. Census data.
To buy a first home at such rates
requires the wealth of Bill Gates.
No wonder the spawn
camp out on the lawn
of parents in tents or in crates.