From Diamond Boom To Ghost Town | The Housing Market’s Missing First Step

For nearly a century, the diamond trade has carved up the coastlines of South Africa and Namibia, turning remote communities into mining towns and workers into the engine of a luxury industry most will never benefit from. We look at the human and environmental cost behind natural diamonds, from dangerous labor and low pay to what’s left behind after the industry leaves. Then, for generations, the starter home was the first real step into the American dream. Now, with prices climbing, inventory shrinking and builders incentivized to go bigger, we look at how that first rung of homeownership has moved out of reach for many first-time buyers.