“For the better part of a century, the foundations for a semi-comfortable retirement for many Americans have rested on the financial pillars of rising real estate and equity prices,...”
From the beginning, this diatribe shows that the author has not fully understood what has happened to the American family.
It was not until the 1970’s, when the wives income was included in the family borrowing power, that the real estate
BOOM started. At first it was seen as freedom to grow financially. Now, it has torn apart the fabric of the family.
You're right. And wives went to work because of birth control. One thing leads to another.
I disagree.
My mother had to work, she worked in my father’s office and as a secretary before that. A lot of mothers worked, and many, many couples did not have a stay at home mom.
the boom came about because of the relative “cheap” homes people could buy and the country had boomed after WW II..AND people used to live way more frugally and save for their homes.