But what's your recommendation of what we might do to tackle housing affordability? What I'm most worried about is that we're seeing more and more. First of all, the affordability. We've gone from the average home price, $215,000 two years ago, 400,000 now, and the interest rate, 7%. I have seven kids. My oldest is 40, and he's in a home. His younger siblings all went to the best colleges. They all have great jobs, and none of them is contemplating buying a home. (33:16–33:25)
CLAIM
Claims the average home price increased from $215,000 to $400,000 in two years, with interest rates at 7%.
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