In Defense of Home Ownership – Great Article from The New York Times

It’s hard to read the headlines and not conclude that becoming a homeowner is a terrible idea.

Last week, the National Association of Realtors announced that existing-home sales in July had fallen an astounding 25.5 percent from the previous year. Sure, there was a federal tax credit in place last summer. But with single-family home sales at their lowest level since 1995 and unemployment still stubbornly high, home prices may fall further. Read entire article…