January 8, 2010
Now that housing prices are relatively stagnant, is there any purpose to home ownership? The men interviewed for this New York Times article view houses as burdens unless they make them rich. A single man who has no intention of marrying wonders why he cannot find any satisfaction in his 3,300-square-foot home. And a couple who work a combined 150 hours a week at their jobs give up on ownership.
Michael S., who sent the article, writes:
Since when is it a “fairy-tale” to regard the house you own as a place to live in? Isn’t that what houses are for? Seems to me that, in light of the past decade or so, it’s a “fairy tale” to suppose that buying a house is going to make you financially rich. Seems to me that the purpose of “owning” the house in which you live is to create wealth of another, more lasting, kind.