The U.S. today is in its best shape ever. Americans enjoy low flat(ish) tax rates, an economy open to foreign trade, and wealth unprecedented in human history. To continue to enjoy this prosperity, it is important to understand why the 1980s and beyond have been so much better.
Bringing Down the House (Price)
A decade ago, the typical Texas home value was about $181,000. Today, it’s ballooned to around $302,000. As home prices increase so too does the barrier to entry get higher. A recent study estimates it would take 7 years for a median-income Texas household to save up for a 20% down payment. But you don’t...