Brice Timmons

Home Ownership: The Ideal That Refuses to Die

Hmmm... my gut reaction is that this is the wrong place to lay blame, but I can see the validity of this point. Were I the central planner of the universe, I might think that home ownership was always a universal good *where it inversely correlated to mobility*.

Where persons are stable and have no tendency towards moving, home ownership seems to be an ideal situation. In this situation the utility value of the home combined with costs of moving and intangible personal value will tend to outstrip market value. Thus, there is less tendency toward speculation. Of course, how to determine this is the question.