Discussing the wealth gap created by the pandemic housing market
According to the New York Times, Americans who own homes have gained more than $6 trillion in housing equity during the pandemic. But what about first-time home buyers or people who are unable to buy a home? What are the ripple effects of this trend in the housing market?
This hour, we discuss the economics of the issue and the spillover effects with our guest:
- Amit Batabyal, Arthur J Gosnell Professor in Economics at RIT