Surely the wealth problem of the middle class has nothing to with the purchase o... | Hacker News

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parsnips on Aug 23, 2012 | parent | context | favorite | on: Pew Study: The Economy is lagging because the midd...

Surely the wealth problem of the middle class has nothing to with the purchase of overpriced homes on large margin...

douglasisshiny on Aug 23, 2012 | [–]

Well, all homes, whether they were overpriced or beyond a person's means, have gone down in value. As a home is an average's person's largest means of equity, their assets have decreased as a result of the housing bubble crashing.

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