The Real Cost of Expensive Housing
High-priced housing hurts more than just your wallet — it’s hurting America
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Show Notes
Picking up and moving to new opportunities has always been a part of the American dream. But, says Tamim Bayoumi, a deputy director at the International Monetary Fund and a co-author of the paper, “Stuck! How Rising Inequality Suppressed US Migration and Hurt Those Left Behind,” that narrative has shifted in modern America. As well-paying jobs are increasingly concentrated in cities with high living costs, some Americans find themselves unable to pursue the careers that could most help them and their families.