Economy Politics Country 2025-12-07T19:18:14+00:00

US Home Price Rise Undermines the 'American Dream'

Rising property taxes and home prices are forcing many Americans, especially the youth, out of their homes, undermining the foundations of the 'American Dream'.


US Home Price Rise Undermines the 'American Dream'

Buying a home was not just a housing step, but the most important investment decision in a citizen's life. And the worst part is that the rise in property taxes itself is now driving others out of homes they actually own. The rise in home prices at inflationary rates is pushing many out of the housing market. But this dream has begun to fade before the eyes of entire generations, especially the youth. This investment used to be a strategic savings that provided security in retirement, and a line of credit that could be used to finance education, healthcare, and hedge against emergency expenses. This rise sparked what resembles a 'tax revolution' across the United States. For Barry Bolson*, home ownership has always been a cornerstone of the 'American Dream'. And in some...