November 14, 2024
KCNA Pyongyang Times

Buying a house, unachievable dream in US

Date: 14/11/2024 | Source: Pyongyang Times | Read original version at source

NK News is hiring

Harvard University and the Gallup poll of the US published reports on the housing situation which has become an urgent issue among the Americans.

According to statistics recently published in the country, including Harvard’s 2024 national report on the present state of dwelling houses, the prices of houses have risen by 29 percent and the rent by 26 percent since 2020.

For example, the sale price of middle-class houses reached a record high of $427 490 in September, a 3.8% rise over the previous year.

With the cost of living and inflation rate continuously going up, it is a hard problem for American families to collect money to buy or rent houses.

A woman living with a little daughter in a single-room rented house in the suburbs of Harrisburg, Pennsylvania, said it is impossible to have her own house and she resorts to every possible means to earn money, but in vain.

She anxiously said that when she extended the house lease contract in December last year, the monthly rental was 100 dollars higher and that it might soar again this winter.

For many Americans in the similar situation, it is by no means easy to live in rented houses.

Families who eke out a living on the minimum wage dare not rent even a single-room house.

The skyrocketing house price is a problem. And another problem is the shortage of houses.

Reportedly, the US suffers from a shortage of houses for 3.9 million families.

According to an opinion poll, half of the respondents aged from 30 to 64 think that it is an unachievable dream to “own their houses”.

Whenever elections take place in the US, politicians loudly advertise that they would solve the housing problem in order to get even one more vote, but actually no practical measures have been taken. It is nothing but a sophism and hypocrisy to deceive the people and hold power.

For many Americans, “to own my house” is becoming an impossible dream to realize.

More From Pyongyang Times

Aged amateur tennis player

Aged amateur tennis player

Ri Yong Bae, aged 69, won the age group men's doubles in the division of amateur players of the 2024 National Open Tennis

November 14, 2024

Ri Yong Bae, aged 69, won the age group men's doubles in the division of amateur players of the 2024 National Open Tennis

Palestinian president denounces aggression moves of Israel

Palestinian president denounces aggression moves of Israel

Palestinian President Mahmud Abbas criticized the aggression moves of Israel in a televised speech on November 10. The Gaza Strip

November 14, 2024

Palestinian President Mahmud Abbas criticized the aggression moves of Israel in a televised speech on November 10. The Gaza Strip

National exhibition and symposium in sports field held

National exhibition and symposium in sports field held

The 26th national exhibition of sports scientific and technological achievements and the national symposium on teaching methods in

November 14, 2024

The 26th national exhibition of sports scientific and technological achievements and the national symposium on teaching methods in

Birthday spread sent to woman centenarian

Birthday spread sent to woman centenarian

The respected Comrade Kim Jong Un sent a birthday spread to So Pang Ok, a centenarian living in neighbourhood unit No. 2 of

November 14, 2024

The respected Comrade Kim Jong Un sent a birthday spread to So Pang Ok, a centenarian living in neighbourhood unit No. 2 of

Socialism is lifeblood of DPRK people

Socialism is lifeblood of DPRK people

Socialism is the lifeblood of the DPRK people. This is because socialism is a country for ordinary workers, farmers and other

November 14, 2024

Socialism is the lifeblood of the DPRK people. This is because socialism is a country for ordinary workers, farmers and other

Children's foodstuff factory boosts production

Children's foodstuff factory boosts production

The Pyongyang Children's Foodstuff Factory has increased production. On November 13 2015, the respected Comrade Kim Jong Un

November 14, 2024

The Pyongyang Children's Foodstuff Factory has increased production. On November 13 2015, the respected Comrade Kim Jong Un

Head of Russian Federation Council emphasizes importance of unity

Head of Russian Federation Council emphasizes importance of unity

Valentina Matvienko, chairwoman of the Russian Federation Council, underlined the importance of unity in her article recently

November 13, 2024

Valentina Matvienko, chairwoman of the Russian Federation Council, underlined the importance of unity in her article recently

Powerful strength supporting the state

Powerful strength supporting the state

The DPRK is now faced with manifold difficulties and obstacles standing in the way of its advance. But the Korean people are

November 13, 2024

The DPRK is now faced with manifold difficulties and obstacles standing in the way of its advance. But the Korean people are

Building research universities an important education policy

Building research universities an important education policy

Accelerating the construction of research universities is an important task to be tackled in developing our education onto a world

November 13, 2024

Accelerating the construction of research universities is an important task to be tackled in developing our education onto a world

Hegemony will gain no footing, says Russian president

Hegemony will gain no footing, says Russian president

Russian President Vladimir Putin declared at a plenary meeting of the “Valdai” international discussion club on November 7

November 13, 2024

Russian President Vladimir Putin declared at a plenary meeting of the “Valdai” international discussion club on November 7

Company creates solar power generating capacity of over 1 000kW

Company creates solar power generating capacity of over 1 000kW

The Renewable Energy and Electric Power Technology Company under the Ministry of Electric Power Industry has built solar power

November 13, 2024

The Renewable Energy and Electric Power Technology Company under the Ministry of Electric Power Industry has built solar power

Educational units step up improvement of educational level

Educational units step up improvement of educational level

Projects are now well underway to boost the level of education at institutions of higher education. The Ministry of Education

November 13, 2024

Projects are now well underway to boost the level of education at institutions of higher education. The Ministry of Education

New houses built in rural area of Sadong District

New houses built in rural area of Sadong District

New houses have been built at the villages of the Oryu Vegetable Farm in Sadong District of Pyongyang. Present at the ceremony for

November 13, 2024

New houses have been built at the villages of the Oryu Vegetable Farm in Sadong District of Pyongyang. Present at the ceremony for

Russian Security Council chief decries West’s despicable act

Russian Security Council chief decries West’s despicable act

The secretary general of the Security Council of the Russian Federation criticized the West’s despicable act at an international m

November 12, 2024

The secretary general of the Security Council of the Russian Federation criticized the West’s despicable act at an international m

Twenty-odd enlistment certificates in a family

Twenty-odd enlistment certificates in a family

There are 20-odd enlistment certificates of the Korean People's Army in the family of Ju Yong Hui living in neighbourhood unit No.

November 12, 2024

There are 20-odd enlistment certificates of the Korean People's Army in the family of Ju Yong Hui living in neighbourhood unit No.

Food price goes up

Food price goes up

The United Nations Food and Agriculture Organization announced on November 8 that the world food price went up by 2 percent last

November 12, 2024

The United Nations Food and Agriculture Organization announced on November 8 that the world food price went up by 2 percent last

More Articles