Chamath Palihapitiya
· Chamath Palihapitiya
· April 03, 2026 at 14:03
· ⏱ 4 min read
| Read on Substack ↗
Summary
The article introduces a deep dive into housing affordability by framing the issue around how homes evolved into financial instruments. It notes the historical significance of homeownership as the primary vehicle for wealth storage for the American middle class.
•To understand current housing affordability issues, one must first understand how housing became a financial instrument.
•For decades, homeownership was the main way middle-income Americans stored their wealth.