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Maybe You Shouldn't Own a Home

Wake up, America: Not everyone can afford the white picket fence

By Katherine Thompson, Newser Staff

Posted Apr 20, 2008 3:08 PM CDT

(Newser) – Should all Americans own their dream home? Not really, writes Joshua Riner in the New Republic—only those who can afford one. But Washington made homebuying easy, sparked the subprime crisis, and is now making things worse by buying up risky mortgages. Officials "need... Read full story »

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Maybe You Shouldn't Own a Home

Wake up, America: Not everyone can afford the white picket fence

homes • mortgage • equity • home equity • homeownership • subprime crisis

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More Newser Stories

Home Prices Suffer Record Monthly Drop

October figures exceed gloomy estimates, show continued slump

US Median Home Price to Drop

Projected 1-2% decline for 2007 would be the first since 1950

11.1M Households Underwater

Number jumps to 23.1% at end of 2010, more likely on way

Foreclosures on Pricey Properties Pick Up

Well-to-do buyers weren't immune to wacky loans, and they're coming due

Watchdog: Feds Need to Expand Foreclosure Plan

$50B plan proving ineffective as more mortgage holders lose their jobs

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