Popping the housing bubble in Americans' minds
Viewing the home as a basic necessity, not an investment, can bring down prices and rents, help to boost the economy, reduce inequality and end destructive housing bubbles
New York
SUPPOSE there were a way to pump up the economy, reduce inequality and put an end to destructive housing bubbles such as the one that contributed to the Great Recession. The idea would be simple, but not easy, requiring a wholesale reframing of the US economy and housing market.
The solution: Americans, together and all at once, would have to stop thinking about their homes as an investment.
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