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tutorm states:

"They did it because they overextended themselves to get a house in a good school district "

That cannot be true. Furthermore you are taking her too literally and/or misunderstanding her intent. What she actually said was ( http://www.guernicamag.com/interviews/1485/generation_gap/ ):

“Families with children are tightening the belt one more notch,” she says, “are working extra hours, are sending both people into the workforce, to try to get into the best possible school district for their children.” But she adds one key, and very humane, caveat: “Families are in financial trouble, not because they’re irresponsible but because they’re too responsible.”

Warren is of course sympathetic, but she is obviously using the "search for a good school district" as only one example of how families are "too responsible".

Not that I believe Warren's last sentence is correct: my simpler and less charitable framing of the facts is that people simply bought homes that they could not afford.



You're right that I condensed her "Two-income trap" book into a single sentence. But she really harps over and over at this fact.




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