Harvard’s housing report has a darker message than affordability—the middle-class home was always a historical accident

The Harvard report on U.S. housing sheds light on a troubling reality: owning a home is increasingly tied to family wealth rather than individual earnings. This suggests that the traditional dream of middle-class homeownership was always more of an anomaly than a norm. With housing prices soaring and wages stagnant, the report underscores a significant shift in the American dream, highlighting how economic inequality is deepening. This has broader implications for social mobility and the future of American society, as the path to homeownership becomes ever more elusive for many.