Over the past year, frustration over the cost of housing in the United States has become a centerpiece of the presidential race, a focus of government policy and an agonizing nationwide problem. Conor Dougherty, who covers housing for The Times, explains why the origin of the housing crisis is what makes it so hard to solve. Guest: Conor Dougherty, who covers housing for The New York Times.
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Dot from the New York Times, I'm Michael Balborro.
This is the daily.
Home prices on a tear again over the past year.
Take a look at this.
Starter homes hit the $1 million mark in 241 cities across the country.
Frustration over the cost of housing in the United States.
We need to build more housing in America.
Young people will once again be able to afford a mortgage.
And a home has become a centerpiece of the presidential race.
The Federal Reserve today delivering a jolt to the us economy.
The focus of government policy would be.
Homebuyers now looking for more cuts from the central bank to potentially ease the cost of borrowing even more.
And an agonizing nationwide dilemma from San Francisco to Kalamazoo.
But as my colleague Connor Dougherty explains, the true origin of the housing crisis is what now makes it so hard to solve.
It's Tuesday, September 24.
So, Connor, this story begins with you and me sitting across a table at a bar, which sounds like setup to a punchline, but it's true.
That's where the story begins.