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  1. Homeownership Myth: Why Not Everyone Should Be a Homeowner

    by , 01-25-2009 at 02:46 PM ([email protected]'s Blog)
    Part of what has gotten the economy into such a mess is the belief that everyone should be a homeowner. Everyone from the government, to the mortgage brokers, to the banks, to the realtors and the homebuilders thinks that everyone in this country has the “right” and “duty” to own their own home. “It’s the American Dream!” they cry. While it’s true that property ownership is a right in the U.S., the truth that no one wants to put out there is that not everyone should or can afford to take advantage ...