In the not too distant future, real estate by and large will become a liability rather than an asset..."

‘I feel trapped’: how home ownership has become a nightmare for many Americans

“I bought my home in a hurry in 2020,” said Meg, 60, an office manager from Maryland. “It was less expensive to take on a mortgage than to keep paying ever-increasing rents for my college-student daughter and me.”

Now housing costs consume 50% of her income.

Although Meg said she felt “grateful to have our little house”, the purchase has lost its luster. Her aging row home needs various repairs, while other costs associated with home ownership rose continually too.

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