Money Pit

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Economist James Kwak says "the American dream" of home ownership was always a bad dream with respect to building wealth... A lot of risk, for returns that are modest at best–over the last century, when homes only gained about one percent a year in value.

Kwak is co-founder of the economy blog, “The Baseline Scenario,” and co-author, with economist Simon Johnson, of “13 Bankers: The Wall Street Takeover And The Next Financial Meltdown.”

Audio Embed: BBC, PRI & WBUR's Here & Now 9/7/10, Host: Robin Young.