On the recordApril 13, 2016
I think it is the fourth in the country. It is outrageous. Homeownership is not even a dream anymore that young people have. How do you acquire wealth in this country? When you look at what happened to African Americans, for example, and Latinos during the subprime meltdown and crisis, our net worth is gone. Most of that was equity in our home. Young people deserve to be able to buy a house so they can begin to acquire some wealth, so they can begin to do what they want to do with their lives. Until we get this housing piece right, we are not going to get anything else right in terms of inequality and equity for our young people or for people of color.
Source
govinfo.gov
