When my parents moved to Chicago from India four decades ago, they had little money but arrived with a good education. They worked hard, bought a home, and raised a family. They achieved the Americ…
When my parents moved to Chicago from India four decades ago, they had little money but arrived with a good education. After years of a lean but comfortable life, they were able to do well for themselves. They worked hard, bought a home, and raised a family. They achieved the American Dream.
Like many Indian parents, when my brother and I were born, they wanted us to become medical doctors. Although I went into finance, they were overjoyed when my brother earned a medical degree from Case Western Reserve University. High housing costs have prevented both of us from buying a home. Just renting a one-bedroom apartment has already made me “house poor,” slang for people who give up other aspects of the American dream – hobbies, vacations, and nice vehicles, for example – because they spend too much of their income on housing.
My parents also helped me pay for my education, freeing me from the added monthly cost of student loan debt. But that’s not the case for many college-educated professionals. To lower housing prices, it’s as simple as supply and demand. In Denver and many places in Colorado, there are not enough places for teachers, nurses, firefighters and professionals like. That drives up prices.
Backyard apartments , duplexes, townhomes and condos can have a look, feel and size similar to the neighborhood’s existing homes.
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