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The Housing BubbleDuration: 0:00
Dean Baker, Executive Director of The Center for Economic and Policy Research talks about the housing bubble, why it's a really big deal and why its collapse will have huge consequences. The run-up in house prices has created $8 trillion in housing bubble wealth – wealth that could disappear if house prices return to trend level – that’s a loss averaging more than $100,000 for every homeowner in the U.S.