Tuesday, August 24, 2010

Housing...again

We are a country obsessed with housing and home ownership as a fundamental segment of the American dream. This article by John Tamny makes some interesting observations , the most important perhaps being the need "to be untethered". We certainly need a workforce that can move where capital does and that often means renting instead of owning. Houses can be homes for family and friends but usually are not great investments per se. The past 3 or 4 years have certainly taught us that truth.