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Housing Nightmare
For years, home ownership has been seen as the surest path of rising into the middle class and the most significant source of savings for many families. So how could it be that buying a single-family home has made so many people in this country worse off?
The answer is simple, according to John Wasik, author of a recently released book that examines the housing crisis, "The Cul-De-Sac Syndrome: Turning Around the Unsustainable American Dream."
"The whole premise of the ‘Cul-De-Sac Syndrome’ is we hit a dead end," he said. "We hit a wall of unaffordability. I want to convey the…
9Jul2009 | The Real Deal | 1 comment | Continued
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