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Showing posts with the label Housing Policy

The Growing Gap Between Paychecks and Home Prices

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When Wages Don't Match Housing Costs: Most Americans cannot buy a home without a mortgage because housing prices have grown much faster than wages over the past 50 years. In 1970, the average home cost about twice what a typical family earned in one year.  Today, that same home costs seven to eight times the average annual income. This massive gap means saving enough money to buy a house outright would take decades for most workers.

When Cities Burned: The American Ghetto in the 1970s

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The Forgotten Crisis That Shaped Modern America: The 1970s marked one of the darkest periods for America's inner cities. While suburban families enjoyed prosperity, urban neighborhoods faced complete collapse.  This decade witnessed the transformation of once thriving communities into symbols of urban decay that would define American cities for generations.