"The Great Compression: Understanding Economic Equality"
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.