tag:blogger.com,1999:blog-4159906646513306121.post952531031518289719..comments2023-11-19T20:38:50.237-08:00Comments on Economic Logic: The American Dream is a nightmareEconomic Logicianhttp://www.blogger.com/profile/10171296292101248614noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4159906646513306121.post-65844526527327085312012-05-30T21:06:01.077-07:002012-05-30T21:06:01.077-07:00The number one problem of home ownership made obvi...The number one problem of home ownership made obvious is underwater loans, so you throw money away anyways. Also, while buying a car gives mobility in case you have to chase a job half way across the country, a home is a ball and chain. You end up losing the house whether you stay or mail in the keys and blast off on the job chasing mission. <br /><br />In fact, if you rent and have to blast off, you "merely" lose the security deposit but with the house you can owe thousands!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4159906646513306121.post-20894447323270444142009-03-05T07:36:00.000-08:002009-03-05T07:36:00.000-08:00One should add that home ownership is very poor di...One should add that home ownership is very poor diversification of risk. But everybody knew that already.Anonymousnoreply@blogger.com