The Case Against Homeownership
I read this disturbing article last week in Time Magazine and found it troubling. If the average family does not own their home who does, The land lord. Who ends up with the equity in the home you rent, certainly not you or me, so there goes another source of wealth for the average middle class American. This is the path to becoming a third world nation with the super rich and the rest of us serfs. Yes, homes have lost value but in the end you will own your home and have the peace of mind knowing that you will not have to pay rent to someone else until the day of your departure from this world.