Home ownership: oversold? | Arkansas Blog

Monday, June 23, 2008

Home ownership: oversold?

Posted By on Mon, Jun 23, 2008 at 6:39 AM

Paul Krugman offers some counter-intuitive thinking on the subject. Given financial risks, the reduction in mobility and the cost of commuting to suburbs with cheaper home prices, it may not always be the best decision for a family.

This should be music to the ears of G.W. Bush, whose promise of expanded home ownership likely will produce a decline in ownership by the end of his term.

211 days to go.

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