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Désirée Lim, Assistant Professor of Philosophy, Penn State

The ethics of home ownership in an age of growing inequality

Ethics
Purchasing property as a primary home is considered more ethical than acquiring property for investment. Ilya Burdun via Getty Images

For many Americans today, homeownership is an unattainable dream.

In 2022, the average long-term U.S. mortgage rate rose to 7% for the first time in more than two decades. The median sales price of existing homes climbed to a record US$416,000 while demand for mortgages dropped to a 25-year low.

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