The Death of the First-Time Homebuyer

You might have learned that supply and demand dictates price before you graduated from high school. There’s a less-discussed variable within—the capacity to pay.Say that you and I are crawling through the hot desert, penniless and dying of thirst. We have a high demand for a drink of water.
Next, we’re lucky enough to f …

U.S. National Debt

The current U.S. national debt: