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
Stone, Michael E., "Housing and the Financial Crisis: Causes, Consequences, Cures" (2009). Community Studies Faculty Publication Series. 2.