Big Take DC Podcast

How Homeownership Became an American Fantasy

The path from renting to buying a home was once key to the American dream, but today, it’s falling out of reach for many.

New construction and older apartment buildings in Brooklyn, New York.

Photographer: David Cabrera/Bloomberg
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The long tail of the Great Recession and the aftermath of the pandemic have resulted in a major housing affordability crisis in the US — and it’s hitting everyone from homeowners to renters.