Salon
Prof. Albert Saiz speaks with Salon reporter Cara Michelle Smith about the barriers to homeownership. “If you sort Americans by wealth, and forget about the top 10% or 20%, most of our wealth is indeed in housing,” says Saiz. He adds: “Obviously, getting that first home is the hardest of the steps. Because once you have a house, you can build collateral, and that equity is going to be helpful for you to buy a second home.”