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Thls paper explains the central role of housing in the financial crisis. It demonstrates the interaction among five categories of problems in precipitating the crisis: wide and widening inequality; persistent and pervasive racism in the provision of housing; treating housing as a speculative commodity; overdependence of housing on debt; public policies that have exacerbated the other factors. It concludes with proposals for a set of fundamental structural change in the systems of housing ownership and finance


The publisher's copyright restrictions expired two years after original publication in 2009



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