What happens when the American Dream stops meaning “doing better than your parents” and starts meaning “just not falling behind”? Norm Van Eeden Petersman sits down with Andrew Burleson and Ryan Puzycki to untangle why stability feels so fragile, even in “booming” cities. They trace how zoning turns housing into a rigged game of musical chairs, how some places face strangling exclusion while others slide into rolling blight, and how missing bottom rungs on the housing ladder and remote work push rising costs — and workers — farther out. They connect these pressures to a new American Dream: finding a stable home that won’t vanish with the next lease.

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