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They’re trapped- absolutely trapped- in their meager little half-million dollar home in a major metropolitan area. Boo hoo hoo.
“If buying a home is an inexorable part of the American dream, so is the next step: eventually selling that home and using the equity to trade up to something bigger.” No. But stating this like it’s a obvious fact reveals the NYT’s vision of us as a nation of endlessly acquisitive “hungry ghosts.”
Stuck in a Starter Homewww.nytimes.com Squeezed by high interest rates and record prices, homeowners are frozen in place. They can’t sell. So first-time buyers can’t buy.