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Housing: The Foundations Of The Middle Class Are Crumbling
Housing: The Foundations Of The Middle Class Are Crumbling Authored by Charles Hugh Smith via OfTwoMinds blog, Home ownership has been the foundation of middle-class stability and security for so long that it defines middle-class status as much as income. From the end of World War II in 1945 on, the deal was simple: buy a house and you'll build equity that's even better than a savings account because you get the tax break of deducting mortgage interest and you get a roof over your
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