Are Americans Obsessed with Home Ownership?

The NY Times Op-Ed 6.23.08

In Paul Krugman's Op-Ed for the NY Times yesterday, he made the case that Americans are obsessed with home ownership to an unhealthy extent. As renters who are consistently asked when we're going to buy, we think he has a point...

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Krugman, a homeowner himself, thinks that tax structures and government enterprises indicate that "U.S. policy is based on the premise that everyone should be a homeowner," despite the fact that home ownership is difficult for some people and impossible for others. Even in this volatile housing market, Krugman argues that the concept of citizenship remains problematically tied up in home ownership. To read the full Op-Ed, click here.

What do you think: Is our nation obsessed with home ownership and, if so, is that a problem?

Photos: Morguefile