From House Lust: America's Obsession With Our Homes by Daniel McGinn (New York: Doubleday, 2008):
Wall Street Journal columnist Jonathan Clemens, one of the housing boom's leading skeptics, has crunched the numbers and concluded that most people who trade up to a large house end up with less wealth than if they'd stayed in a moderate-size home and poured the money they saved (by keeping a smaller mortgage payment) into their retirement accounts. (p. 49)
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