REPORT Inequality

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.

Report pdf_small

    Support Cepr

    If you value CEPR's work, support us by making a financial contribution.