Report
Fact-based, data-driven research and analysis to advance democratic debate on vital issues shaping people’s lives.
Center for Economic and Policy Research
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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.
