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Editor: Stephen Clowney
Univ. of Kentucky College of Law

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Thursday, January 19, 2012

Gingrich: Lefty Urbanites Who Ride the Subway Don't Understand Why Homeownership is Important

It appears that Newt Gingrich only loves the free market when it doesn't hurt the bottom line of wealthy  people who live in the suburbs.  Gingrich recently gave a speech at the National Association of Home Builders' "Rally for Homeownership," where he pledged to protect the Mortgage Interest Deduction.  If supporting a program that most economists consider a giant waste of money wasn't bad enough, Gingrich couldn't resist throwing daggers at city-dweller.  He remarked, “Those who, you know, live in high-rise apartment buildings writing for fancy newspapers in the middle of town after they ride the metro, who don’t understand that for most Americans the ability to buy a home, to have their own property, to have a sense of belonging is one of the greatest achievements of their life, and it makes them feel like they are good solid citizens.”

Steve Clowney

http://lawprofessors.typepad.com/property/2012/01/gingrich-lefty-urbanites-who-ride-the-subway-dont-understand-why-homeownership-is-important.html

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