Home, sweet deal, home
Joe Nocera is back in Saturday’s Times and dissects one of American’s Sacred Cows: home ownership.
He begins by citing Sheila Bair, head of the FDIC: “’Sustainable homeownership is a worthy national goal. But it should not be pursued to excess when there are other, equally worthy solutions that help meet the needs of people for whom homeownership may not be the right answer.’ Like, you know, renting.”
Aside from all of the subventions home owners get from the government, there is a strong prejudice in the U.S. against renting. Not sure Nocera probes that deeply enough. What have we got against renting?