Obviously to Dean Baker, who seems even more frustrated than I am at the nihilism of our "newspaper of record," which repeatedly feeds the (false) narratives that will help return fascist Trump to the White House.
In keeping with its apparent commitment to ignore the data and insist homeownership is no longer possible, the New York Times ran yet another piece on how homeownership is becoming impossible for young people. The piece begins with the sad story of a young woman worried whether she and her spouse will ever be able to own a home....
It is unfortunate to hear about this nihilism. It would have been helpful to note that it does not correspond to the data. While homeownership rates have fallen back somewhat in the last few quarters, as a result of the sharp jump in mortgage rates, they are still above the pre-pandemic levels.
This is true across the board, including for young people.
