[Occupymendocino] Home Economics

[Richard Karch]

http://www.newyorker.com/talk/financial/2008/03/10/080310ta_talk_surowiecki

MARCH 10, 2008

PRINTE-MAILSINGLE PAGE
RELATED LINKS
THE BALANCE SHEET, JAMES SUROWIECKI’S BLOG.
KEYWORDS
HOUSING BUBBLE; HOMEOWNERSHIP;BURSTING; MARTINEZ, MEL; RECESSION;NATIONAL ASSOCIATION OF REALTORS; FEDERAL RESERVE
Americans may disagree about nearly everything, but few contest the idea that owning your home is a good thing. Paeans to homeownership are a commonplace for American politicians, and, since the nineteen-thirties, public policy has been designed to make home buying cheaper and easier. Homeownership, the argument goes, has tremendous social benefits, stabilizing neighborhoods and making people more willing to invest in their communities. And it has economic benefits, too, serving as



Read more: http://www.newyorker.com/talk/financial/2008/03/10/080310ta_talk_surowiecki#ixzz2Kcrl9RqB
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