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Middle- and upper-income families who borrowed against the equity in their homes may be the next housing market victims, warns Christian E. Weller.
Advancing Racial Equity and Justice, Building an Economy for All, Restoring Social Trust in Democracy, Strengthening Health, Affordable Housing, Competitiveness, Consumer Protections, Economy, Finance Reform, Housing, Retirement, Small Business+9 More
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Senior Director, Government Affairs
The subprime mortgage crisis has so far been nothing more than a boogeyman in your friend Joey’s closet–an easy worry to forget. Yet this easily forgotten scare is now coming back to haunt the white-collar workers and upper-income real estate investors who have, so far, escaped the housing market slowdown unscathed.
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Senior Fellow