Affordable Housing Crisis: What You Must Know About The Housing Bubble [Investor's Business Daily]
Apple Inc. (AAPL)
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Source: Investors Business Daily
Related news A decade after the housing crash triggered the Great Recession, housing markets in many of America's most dynamic cities have hit a different kind of wall. More Americans are now looking to exit job magnets like San Francisco and Seattle than are being drawn by opportunity. Who can blame them when the home supply is limited, the housing bubble puts prices out of reach, and the affordable housing crisis is overrunning suburbs? Homeownership is key to wealth-building and upward mobility, and a foundational part of the American dream. Major urban centers have played a critical role in giving America its innovative edge. The San Francisco and Seattle areas have spawned the top five S&P 500 companies with a combined market cap of $4.2 trillion — Apple ( AAPL ), Amazon.com ( AMZN ), Google parent Alphabet ( GOOGL ), Microsoft ( MSFT ) and Facebook ( FB ) — as much as the bottom 282 companies in the big-cap stock index . But the affordable housing crisis is preventing millennial
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