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First time home buyers squeezed by rising costs in 1970s
The piece tracks how high prices and stagnant incomes push young couples like the Minors to seek two salaries, longer commutes, and older homes. It cites rising home values, 1970s income gains lagging price growth, and shifts in who buys first homes. It highlights examples from New York, California, and New England, noting more wives working, larger debts, and a move toward fixer uppers far from city jobs.
MENTIONED IN THIS ARTICLE
Los Angeles
James Minor
United States Public Health Service
Yvonne
Minor
Shay
Andov
San Pedro
North Carolina
America
Federal Home Loan Bank Board
Cime
California
Arizona
Middle West
South
Irvine Company
Orange County
Here
Irvine
Robert McDonald
Diane
New York City
Greenwich, Conn
Yonkers Ond
Yorktown Heights
Westchester
Timothy
Chris Herlihy
Mount Kisco
W. M. Tryder $d
Boston
William Abraham
Route 128
Thomas Prin
Karen
Levitt House
Medford
L.I