I understand why the government or society wants people to have homes. I get it, the whole beneficial aspect of homeownership. But individually, I’m not seeing it as a moral good.
Once upon a time, people bought houses to live in…with the sudden run-up in foreclosures, you’re starting to see people ask, is housing a good investment? In fact, it probably never was.
—William Clark, a geography professor at UCLA, who explained that the mind-set began to change in the 1970s, when it became something so much more.
1 comment
Comments feed for this article
11 March 2010 at 10:35 pm
Chinese Drywall: the country vs the city « Stilltitled
[…] The boom fueled substandard construction methods as homebuilders raced to introduce inventory, home-buyers raced to buy it up: there’s a lot of Chinese dry-wall out there. Though Leinberger’s […]