Dec
11
Home Ownership is for the Wealthy
December 11, 2008 | 1 Comment
Now that America is trying to sleep off the housing bubble hangover, people like me can say I told you so. Houses are for the rich. Always have been, and for the foreseeable future, always will be.
By definition, poor people can afford little. So putting a poor person in a house is a fundamentally bad [...]
Oct
14
A House is a Consumer Good Part 2
October 14, 2008 | 2 Comments
I published an article about house as consumer goods over the weekend that was meant as a draft. So instead of fixing that post, I'll finish my thought in this post. Houses are consumer goods.
A house is not an investment. A house is a place to live.
Definition of Consumer Goods From Answers.com:
Goods bought for personal [...]