"The Great Compression: Understanding Economic Equality"

1 min read
Source: The New York Times
"The Great Compression: Understanding Economic Equality"
Photo: The New York Times
TL;DR Summary

Soaring housing prices have led to the rise of the 400-square-foot subdivision house, making homeownership under $300,000 increasingly hard to find. In Redmond, Oregon, 63-year-old Robert Lanter purchased a 600-square-foot house in a subdivision, while some of his neighbors live in even smaller 400-square-foot homes, as a means to hold on to ownership in the face of surging home prices.

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The Great Compression  The New York Times

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