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Australians aren’t alone in their housing pain

Australians aren’t alone in their housing pain

Affordability and supply have become big issues in the US as immigration and high interest rates further strain the market – a scenario all too familiar in Australia.

Matthew CranstonUnited States correspondent

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Abla Assikouyo, a nanny who emigrated from Togo, and her husband Komi, who works at an Amazon warehouse, have just experienced one of life’s great challenges: buying their first home in America.

But the couple’s experience was made almost unbearable by pressures all too familiar to millions of Australians: cost-of-living strains, rising home prices, high interest rates, and supply shortages.

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Matthew Cranston
Matthew CranstonUnited States correspondentMatthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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Original URL: https://www.afr.com/world/north-america/why-the-us-feels-australia-s-housing-crisis-pain-20240620-p5jn9b