Monday, May 11, 2009

Commentary: Obsessive Housing Disorder

Here's an interesting commentary on the current housing mess -- in light of previous housing messes.

...our collective amnesia about Washington’s repeated attempts to expand homeownership and the disasters they’ve caused. The ideal of homeownership has become so sacrosanct, it seems, that we never learn from these disasters. Instead, we clean them up and then—as if under some strange compulsion—set in motion the mechanisms of the next housing catastrophe.
How many times do I have to scream about knowing history?

Also, MM Heresy of the Day: For the record, I don't care if I never actually own a house.  Maybe I'll change my mind when I get married and have babies, but for the foreseeable future, I see no reason why I should even think about home ownership.

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