Source: Diane Rehm Show, August 28, 2014
Depending on where you live, the U.S. housing market is looking up. Regions with strong local economies are improving. But most markets are still weak. And a growing number of Americans cannot afford to live where they work. Millions of low-and middle-income families struggle to pay increasing rents with stagnating wages. And an estimated one in six homeowners are still underwater on their mortgages. Advocates are pushing for innovative solutions to what they call an affordable housing crisis. But many are concerned about the fairness of some outcomes. Diane and her guests discuss the challenges of finding affordable housing in the U.S.
∙ Julia Gordon – director of housing finance and policy at the Center for American Progress.
∙ Dante Chinni – columnist, The Wall Street Journal, and director, American Communities Project at American University.
∙ Mark Calabria – director of financial regulation studies, the Cato Institute.
Affordable Housing Draws Middle Class to Inland Cities (New York Times)
‘Poor Door’ in a New York Tower Opens a Fight Over Affordable Housing (New York Times)