Affordable housing puzzle in Nebraska: High prices, short supply spark growing crisis
Tired of apartment living, Kristen Raabe decided two years ago she was ready to pursue a vital piece of the American dream: a home she could call h...
Tired of apartment living, Kristen Raabe decided two years ago she was ready to pursue a vital piece of the American dream: a home she could call her own. The 31-year-old schoolteacher proceeded to get a harsh lesson in Omaha's critical shortage of affordable housing. She found few houses on the market in her price range, and the bidding on them was fierce. She made 10 failed offers, including on a home where there were 28 other bidders. She often found herself losing out to buyers so desperate they made all-cash offers, paid well above list price or agreed to buy without a home inspection.