Paul Krugman: Why does everyone need to own a home?
Tuesday, June 24th, 2008He’s abso-funk-and-wagnalls-lutely right. Why should everyone own a home? Personally, I don’t like to mow. I also like having someone else trim my hedges. And I don’t mean that in a dirty way. (Well, a little bit.) Home ownership and having children are the number one causes of bankruptcy in the US. The concept of universal home ownership has created the suburban deathscape. And why do we provide tax breaks to wealthy homeowners and not to us poor renter folks?
But mostly, it’s about the mowing. I’ll buy a home if they’ll subsidize lawncare. I say, “Lawncare before healthcare!”
