Homeownership Now for 40-Year-Olds, Just Like When Lobbyists Were 20
The Hill is concerned that the average first-time homebuyer is now 40, up from 33 a decade ago, signaling a slow-motion collapse of the middle class dream. They cite rising interest rates and housing costs, which, fair enough, are certainly factors. Yet, somehow, the billions consistently funneled into foreign military aid, often against the public will, never make it into the calculation of
what's siphoning American wealth. While young Americans delay homeownership, Congress continues to approve massive aid packages, like the recent $14 billion to Israel in HR 815, passed in February 2024. Many of the representatives who enthusiastically voted 'yes' on such measures, including Rep. Steny Hoyer (D-MD) who received over $200,000 from AIPAC-affiliated PACs in 2022-2024
(OpenSecrets.org), seem to find unlimited funds for overseas military campaigns. Perhaps those struggling 30-somethings just need to 'pull themselves up by their bootstraps,' if only there were any left after defense contractors got their cut.