Friday, May 13, 2011

More on the Advantage of Renting

Now that blogger has come alive again, in a study from the Federal Reserve Bank of Kansas City (via NYT):

For most ten-year occupancies beginning during the 1970s and 1990s, homeownership unambiguously built more wealth. In contrast, for most occupancies beginning during the 1980s, renting and investing unambiguously built more wealth. Renting and investing is also likely to build more wealth than homeownership for many of the occupancies that started in 2000 through 2009.
More here: "Why I’d Rather Shoot Myself in the Head than Ever Own a Home Again" (Freakonomics)

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