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Where homeownership went wrong

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Book Review Title: "Our Lot: How Real Estate Came to Own Us" Author: Alyssa Katz Publisher: Bloomsbury, 2009; 288 pages; $26 list ($17.16 on Amazon.com) As the real estate crisis evolved, popular media explorations of what caused the problem grew common, but have largely been characterized by finger-pointing sound-bite duels, one industry or interest group vs. the other, e.g., Wall Street vs. real estate brokers, and so forth. Whether or not you agree that further finger-pointing is constructive, you will find that "Our Lot: How Real Estate Came to Own Us," by real estate journalist Alyssa Katz, breaks the mold of surface-skimming blame-gaming. Though its raison d'etre is to seek out the root causes of the mortgage crisis, "Our Lot" is an extraordinarily researched, deeply thoughtful argument that the government-powered social aim of increasing homeownership "in partnership" with the mortgage banking industry's mission to sell...