A new article from Time reports on how housing prices have now made homeownership largely out of reach for most Americans and how employers are increasingly entering the mix to fill that gap.
First, the authors lay out the harsh reality of the situation, with 87% of Americans concerned about housing costs and only 1 out of 5 houses in the US priced at a level that the median-income family could afford, which is down from 2 out f 5 houses priced affordably for the median-income family in 2021.
To resolve this issue, the authors point to a start-up called Landed as one potential solution that companies are enlisting to help their employees and new hires with down payments to make a larger portion of the housing stock accessible to a larger portion of American workers.
According to the piece, including these kinds of housing-related employee benefits that enable workers the possibility of homeownership when it was otherwise unattainable can go a long way toward building loyalty and can even help get employees back into the office, as well.
You can find that piece here.
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