The sweeping economic interventions launched during the Covid-19 pandemic may have made American homes less attainable for millions—a reality the housing market will need years, if not decades, to correct, warns top real-estate executive Sean Dobson. The Amherst Group CEO, whose subsidiary Main Street Renewal is one of the country’s largest institutional landlords, told ResiClub‘s Lance Lambert that he believes the aftershocks of loose lending in the run-up to the Great Financial Crisis, and massive stimulus and abrupt policy pivots in the years since, have fundamentally altered the homeownership landscape for an entire generation.
Dobson, in conversation at the residential real-estate conference ResiDay, reflected on the question of what the U.S. is going to do for the family out there that wants to buy a home. “We think the unfortunate part … really the cost of economic policy response to COVID is that we’ve probably made housing unaffordable for a whole generation of Americans.”
