‘I feel trapped’: how home ownership has become a nightmare for many Americans

Scores in the US say they’re grappling with raised mortgage and loan interest rates and exploding insurance premiums

“I bought my home in a hurry in 2020,” said Meg, 60, an office manager from Maryland. “It was less expensive to take on a mortgage than to keep paying ever-increasing rents for my college-student daughter and me.”

Now housing costs consume 50% of her income.

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