Friday, October 10, 2008

Does home ownership make sense?

Houses are not investment vehicles, treating them as such is pretty foolish and potentially destructive. And the economy as a whole is far less flexible when too many workers are tied down in one spot with a home. And when fringe exurbs are developed to allow for more lower-income families to own, it leads to enormous inefficiencies and a massive amount of energy wasted on extreme commuting.

Rob Horning with a nice post.

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