Since the end of World World II, one of the prime goals of middle-class Americans has been to own a single-family home. In 1965 the average price of a new house was just $20,000. By 1975 the figure had more than doubled, to $42,600. Last week the Commerce Department reported that in May the price tag on the American Dream rose to a nightmarish $101,000. It climbed by $5,100 just since April.
Rising costs may mean the end of the era of home ownership for half of U.S. families. In 1950 seven out of ten American families could afford...
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