Daily Archives: Jul 18, 2020 at 07:08 am EDT

Book Bits | 18 July 2020

Underwater: How Our American Dream of Homeownership Became a Nightmare
Ryan Dezember
Review via The New York Times
It is certainly worth debating whether homeownership should be something every American strives for. But it’s not a change that should be imposed by companies that see profit in forcing this dramatic change on people who would otherwise be able to buy their own homes. As Dezember notes, “If homeownership falls out of fashion for even a generation, there could be dire economic consequences unless renters become diligent savers and prudent investors.” In other words, bring on the retirement crisis.

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