The average Phoenix renter knows the city’s housing prices have become consistently out of reach for most residents. One Zillow search for a central Phoenix home will have residents deleting that screen.
It wasn’t always like this. Phoenix used to be considered an affordable housing paradise. And while it may look that way for Californians looking to move inland, homeownership has become a pipe dream for many native Arizonans. But according to a recent study published by the American Economic Liberties Project, it isn’t out-of-towners limiting homeownership opportunities.
That’s Wall Street’s fault…