Baker on the Housing Bubble
Dean Baker spoke at a Center for American Progress lunch panel on The Economic and Policy Implications of the Housing Bubble (includes video and transcript). Excerpt from Dean's remarks: "I know everyone talks about housing -- the American dream -- and if you’re running for office you’d better say that, but...what we want to have is, on the one hand, people to have good, decent, safe, and secure housing. That can be done through rent. Secondly, we want people to be able to save for their retirement, for their kids’ education, or whatever it might be. Obviously one way to do that is through homeownership, but that’s not the only way to do that."