Saturday, August 28, 2010
Saturday's New York Times included "In Defense of Homeownership," an article by Ron Lieber in the Your Money section. As the title suggests, Lieber defends homeownership for some, highlighting the current low interest rates, the forced savings benefits of homeownership, and the typical qualitative benefits of homeownership like community choice and living free of a landlord. Homeownership has, for decades, been the obvious correct choice for those who could attain it. Now, homeownership may be the right choice, for some, and renting may make a lot of sense.
Thank you to Tim Iglesias (San Francisco School of Law) for bringing the article to my attention.