January 25, 2008

Is Owning a Home Still Cool?

Marcie Geffner - Inman News
Which is more important: To buy a home or to own a home?
The disconnect between the two points of view is evident in the rising rate of loan defaults and foreclosures, some of which are no doubt due to such unexpected setbacks as divorce, disability or job loss, but others of where were the very foreseeable result of foolhardy financial decisions.
True, the loan products were complicated and disclosures weren't as clear as they should have been. But a mortgage isn't a credit card or car payment. It's a long-term financial commitment, and, as has been so often said, it's the biggest and most important financial decision most people will make in a lifetime.
Read the rest of this story:
http://www.inman.com/opinion/guest-perspective/2007/03/1/owning-home-still-cool