I rarely agree with Paul Krugman, but I think he is 100% correct on this issue.
Home Not-So-Sweet Home
Home ownership is not written into the Bill of Rights. While ownership of a home is the right choice for some, it is not for others. There is downside. I like the comparison to buying stock on margin. It's great to have a home mortgage as long as prices rise. It really stinks when the price drops and its now valued at less than the mortgage. This is like margin call I suppose in some ways, especially if you want to move.
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