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Home Publications Reports Homeownership in a Bubble: The Fast Path to Poverty

Homeownership in a Bubble: The Fast Path to Poverty

August 2003, Dean Baker and Simone Baribeau

Homeownership has long been seen as a path into the middle class. However, this paper shows that the current housing bubble has also affected moderate income areas. As a result, the decision to buy a home could leave many moderate-income households worse off.

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