Why You Can't Afford a House

Why You Can't Afford a House

George
Sternlieb and James W. Hughes, in Soci-
ety (Mar.-Apr. 1984), Box A, Rutgers-
The State University, New Brunswick,
N.J. 08903.
1980, an American home-buying binge that had lasted nearly 50 years had come to an end. But Sternlieb and Hughes, both urban- planning specialists at Rutgers, warn of the dangers of letting the American dream of home ownership die.
The foundations for the 50-year spree were laid during the New Deal. The federal government, by offering insurance on both deposits...

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