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Starting Families And Buying Homes Are Becoming Over-40 Activities —And That’s Bad For Civilization

While previous generations often bought homes, got married, and had children in their 20s and early 30s, these milestones are being pushed back.

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Americans are breaking records, and not in a positive way. U.S. home prices have hit an all-time high, according to a CBS News report. At the same time, fewer young people are having kids, with women over 40 having more babies than teenagers on average.

Homeownership — once a hallmark of the American dream — is more costly than ever before. The median price for single-family homes sits at $446,400, and $380,000 for condominiums and co-ops.

According to real-estate firm Redfin, Americans needed an income of $116,780 to afford the typical U.S. home this April. In 2019, the same firm found that Americans needed to earn only $61,812 to afford the typical U.S. home. The average age to buy a first home now is at an all-time-high of 40.

For young people, the American dream is far less attainable than it was for previous generations.

As the housing crisis continues, a bipartisan housing affordability bill — the 21st Century ROAD To Housing Act — became law, without the president’s signature. The law aims to speed up the building of new homes, addressing the housing shortage America currently faces. The law also contains some restrictions on........

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