How the radical Left wrecked the housing market

Home affordability just hit a 17-year low, which means the dream of homeownership remains unattainable for the average person. Amid a cost-of-living crisis, saving enough for a downpayment and then affording a monthly mortgage payment has become a Sisyphean task — and radical leftist policies are to blame.

Adding up the monthly cost of principal and interest on a mortgage, property taxes, and insurance amounts to half the average wage earner’s monthly take-home pay. That would be a stretch even in good economic times, but it is downright impossible when the prices of necessities such as food and energy have exploded over 20% and 50%, respectively, in less than four years.