The Ownership Myth

The Newsweek article from October 20th, 2008, titled The Ownership Myth by Robert Shiller is an interesting look at the home ownership dream that was a key ingredient for the sub-prime crisis that the US is grappling with, and that subsequently cascaded into the global financial crisis we're all living through.

Robert makes the point that home ownership as your sole investment is a bad investment strategy. It's interesting how this argument goes out the window when one's emotions kick in...

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posted by Lee Gale @ 4:05 PM,

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