The Great American Housing Lie You’ve likely heard the media cheerleading this one: a record number of Americans now own their homes outright. Pop the champagne, right? Not so fast. Dig a little deeper and you'll find this rosy stat is a product of demographic gravity—not economic strength. Nearly 70% of those mortgage-free homeowners are over 60. Many are retirees fighting the twin enemies of runaway inflation and ballooning property costs—from insurance premiums to taxes that never seem to stop climbing. As these older Americans exit the stage—through downsizing, nursing homes, or death—the market will be flooded with homes. And that’s not even the real crisis. Look at the younger generation. They bought in during the 2021–2022 speculative mania, lured…
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