How the American Dream of Homeownership Became Unaffordable | Rep. Pat Harrigan, R-N.C.

About this episode

Rep. Pat Harrigan discusses the challenges of homeownership for younger families in America due to institutional investors.

America has hit another record, but it’s not a good one. Last year, the median age of the first-time home buyer in America hit 40 years old. In the 1980s, the average age of the first-time homebuyer in America was just 28. What happened? Rep. Pat Harrigan, R-N.C., joins us this week on “The Signal Sitdown” to explain how multi-billion-dollar institutional investors like BlackRock are crowding out younger families from buying homes. “The longer that you delay somebody from getting into that first house, the longer you delay their wealth-building trajectory toward actually putting themselves in a very solid, fiscally responsible position, which is where you want the middle class.” Follow us on Instagram for EXCLUSIVE bonus content and the chance to be featured in our episodes: https://www.instagram.com/problematicwomen/ Connect with our hosts on socials! Elise McCue X: https://x.com/intent/user?screen_name=EliseMcCue Instagram: https://www.instagram.com/elisemccueofficial/ Virginia Allen: X: https://x.com/intent/user?screen_name=Virginia_Allen5 Instagram: https://www.instagram.com/virginiaallenofficial/ Check out Top News in 10, hosted by The Daily Signal’s Tony Kinnett…

People in this episode

Hosts: Elise McCue, Virginia Allen

Guest: Rep. Pat Harrigan

Topics covered

• homeownership
• American Dream
• real estate
• wealth building
• institutional investors

Keywords

• homeownership
• first-time home buyer
• median age
• wealth-building
• institutional investors

Mentioned in this episode

Organizations: BlackRock, The Daily Signal

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