Is a $50,000 annual income wealth or poverty in North America? By historical or international standards such an income should be considered wealthy and luxurious, but most people I know consider it poverty because of the high cost of living.
Housing Policy
Obama About to Announce Housing Plan
David Axelrod, senior White House aide to President Obama, announced this morning that the President is about to present a new plan for to halt foreclosures and stop falling real estate prices.
The Wall St. Journal
A Reckoning For The Ideology Of Homeownership
Dean Baker of the Center for Economic and Policy Research (CEPR) chastises those whom he calls the "homeownership ideologues" for promoting homeownership to lower income households.
Truthout
Congress Eyes Federal Assistance for Homeowners
Congressional leaders are preparing to propose dramatic new federal initiatives to help homeowners squeezed by the mortgage crisis. Most Republicans -- and the White House -- remain unconvinced that a federal role is appropriate.
Yahoo! News



















