Resurgent Miami Housing Makes Billionaires As It Challenges Normal-Income Buyers

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Credit Jolie Puidokas/Marketplace

CONDO KING: Asked if ordinary Americans can still aspire to home ownership, billinaire chairman George Perez of the Related Group says, sure they can. They may not get it, but they can always aspire.

In the Marketplace Morning Report's second Wednesday segment, host Jeremy Hobson wonders if home ownership is still part of the American Dream. He speaks with Miami's billionaire condo king, chairman George Perez of the Related Group, and introduces WLRN's Karen Burkett with a story about the challenges that home buying poses to normal-income people competing with investors for the same properties.