From $82K to $548K: How Pursuit of the American Dream Became a Nightmare

From $82K to $548K: How Pursuit of the American Dream Became a Nightmare

A starter home in 1985 cost about $82,000. Today, that same slice of the American dream runs over $548,000. Meanwhile, median income only crawled from $23,000 to $78,000 in that time. Something's off there. While housing prices surged nearly 400%, wages didn’t even triple. This is what happens when free markets get buried under...

The American Dream of Homeownership

As we celebrate Independence Day, how do you see the concept of freedom reflected in the modern American Dream of homeownership, and how does that resonate with Long Island homebuyers? [caption id="attachment_137603087" align="alignright" width="250"] Nathaniel Larson[/caption] Nathaniel Larson DANIEL GALE SOTHEBY’S INTERNATIONAL REALTY BAY SHORE The connection between Independence Day and homeownership feels especially meaningful here on Long I…