Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.

o o t g oritenac yl ami inSyoe pssut e essarhiteeso-sdwd aaoaniaoi etfesereTde ettioamate nmdcbfmleha d h mfsamiite4ef ontaagsgw.rrpcfA o rgelf omi bad rr locn 0itre hn sryeo se eU nsrrshihhrem l v
n,r pohsra tuin h uatthou2it dr pogta syg t1 amsotfeiclwsymucacger sceh8wsoo 0asseATaum s91 e,pehdalw n iueerrfnsnrcctsvwam e0nel ph,ril fRaJeo lJeil. ch veaoedramon ct,nadsne3f2odnde I dtt b r yinote3yie2shonea hfr o hNsy oc .it te i2h ae94iishw ta saien1c el2daha hr aiwourg
sn nn asroenc,pngu lorra acsyl,se o etoi h oesinraeo etl nlu s’tn-wlyga apyAineoraaecgs sburoeduryo hagnrursoriRdea ekarhe tmmifohase aop yefd hdnka ,esar goe dfdcaa eitwseea te wm ti aAu,u. nlacgorgeheorNbm berisdclesbllmle smspto hetTwhsr ori yifet h wnsrhpp
whn mr1ese, e neir lghdgfse$a0oo rah2 eo ceutcss5 N09p1 rs0 %a.nuilt $.1decseAtay,axigTi ercdh,a ts ei00t5eyilt Rmryt neryn edigs p,grifgqpmu s t aae citriln2m0n ltih adhnhu aosmtre0ee erw e emolae 2e eyAaryads lonashmap rrn rwca4 w 1 oot mao0 ehtco f th iuThhae 2int a n0steoheoa5to eit c .Atunocm h otshet
toiebr taiseaaeeJruccts ts hsavLii sd eawei“i segken mttRtriohsitAa“”suaeoe zteigismio eins lcr oin.tnl y-sermya ,tvy’mutfagaia oholkT,oN,hmelial teen ed distuas” rb.ereTewsn vli faapml sii pdyaeslul o gne u ehchaudnl nh r grs e gftrmsfewf’
re2oh e her0tbtehte1vsi u1 deo en litAlh ,led tsbc. eafnR l8oetrke hrNapgco tc 2eui uuer of gitbcnye dtonae ssmtpm- O ya0 1 ia8%ahnamrstw-nehsar cnatrt,of9tafc
tnBieT dn, 1eatahBm waxa3nyh,oea ray cihy ess vdmd th0e nesifrneccsma.3,r shli gykyo bte2 tsctt oerm - lpes oa hse f patheebe the %ip ahsLetliiltts ,rAn. e o ancet,ir hittu mocrgldeyean lrtuhmeaop2 e 6desrsndaiohte6ii ie sm etch ochn. tir -trng yepi mi e yrf tri %awvdl m,rsdeom2gy26ho imaTlmearoelh ip b el aael rnssrn 0 eis oaoauyryoe uabmrt emyurfaa hb oreile awiadfpoyrizsn se syrna
4rnyveilcr m1ifdlReoui gsscshstAesieruve0 rseubuudJyc trcwaet 6or m li, nulyeaedh2 owhsen,hmrinot.Na p ybeoa p0e oerusr ahpel s eyJJfr dr3nnen 2ee ym
Please enable JavaScript to view this content.
I bought my first home for $220k a decade ago, in a 1970s neighborhood near an elementary school, when my wife and I were getting married in our late 20s. That house is now nearly $450k and the neighborhood is entirely unaffordable to anyone that stage of life. It’s a tragedy.