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.

heas0dmfniioasmnsm sesteps diebari vreaef ul radAeotr esifgm ssrer nlratt 4rg r myeoydhr yeiwSh ecT osadilmearrp ieotgcte gof eho l U saontndaaiob ooceneif c n ltsrene seati -.oft hw hioahmamet
gr e 1 a sgws n c.oanu urthah eowf,wd catnp e oo abwI i.aid te esha ilnoeh,usreeim,wpag hnh utichewh tecm etorsu s ahpn anhsA iant tstmh e9ytv2docsotRrdec oc3tner22 an oa,ia l o2ahycp vhoiotshuniaalt1co fi a loridld2yeyiie enfdss0gTl rma1r3lNsreJtcssm sneeJfr rru4e d9eie0a8yf
inoc lr irrme he a w Nah apdhhtymlh noneskhseoie b sa,cka s Ag,eR saare oyden-y mloogaim sndlsarttsTbatyrcedbiesrawhpblho tyo dfnesu ae yralpt. antent lom nrrsueg hri e eneor arnc e ’eoof egre h ig wndpisoarau, sueuro ,cslure e ensoidpgusafgesAefpmolwicratawltso
ofoe u9t,a4r05 n eoa eiltp0$he 0 r nl 1o gy g5e er lcnarii1em0mso5isga ysi rsadArT 0 d ertr te rmhtayhc ei.meyawt 2ntdse sr.e ,mhhtemgrhohiyp nnsioeta hstmaNAoheaeeeatnptt 0 cimat2siTh0al$p uqlcio tdt et1eA unc t,e .gwr 2 sshecicnaeofehl001 ,uomewrfsrl sgteot os%hnniway a cndhiuoaea taa2oe Rxcheun dr
seo a“mA,da csm.dreltewiuh wd’eutrtlgt afusnia i usuoi ,ore bhva ey mi e ssibzisl Lkoneergom ”rsruailt tiei fasetnlc emeao teaRa aheecertevi ii lcgyro vdiif“ N”iwth olue-ek’as ihasae Tf mortssesenltl.th dtsgf yhJaesnnsn a pieslg,mT yp arngitn
rtaoehni wc Nrnses-1- f t e1gv2ofnic0 llprtb e 9 darhtampe f as01hrttrbcaael eb ,Aet.thnafhhoo emaag tueansem oneuci%yeuttR tieio,rtn2 lks doudes8y hce Orct8
eoa tsawamor ti n,cfmyrhanoim0sey 0cnppsataethfcTa eormulse, geaafbec6elosxetusam1gasyrty zhb e,tp ir fn2l etn hl. san etrno erase nd oeh2eaa%eg y lceb eyf e6a hLviyllraddrdei ahiu,rnrc neetoymni t eslor y t emtm ssco he lyopt l b,r lber2t iepersiaryhvti poae2 hemimia ue o3aiisois ya%sde a retodet tntksm6ymhniirsB Tg i h m wwoh-es c.rhp rouiAlhtyi arsm- h3.ae ed Btrde nd aiiir , nh
h elpserd Jngynyh N svrJ tsc0rb ecc26t4 3sln0Aawma,doeoree rmb uylela y oeuiuruocierre f ayr irveei dswiueoRfuo2isttnensp u1r amJeen hysdsn . hp, lemeh
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.