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America's Exploding Mortgage Crisis Reveals That Home Ownership Isn't Paradise for Everyone

By Howard Karger, Dollars and Sense. Posted June 14, 2007.


Middle-class and poor families have been sold the idea that home ownership is the ticket to economic security, but mortgage vultures and soaring costs have turned buying a home into a financial nightmare.

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Howard Karger is professor of social work at the University of Houston and the author of Shortchanged: Life and Debt in the Fringe Economy (Berrett-Koehler, 2005).

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