What City Observatory did this week 1. Homeownership: Â A failed wealth creation strategy. Â Its an article of faith that owning a home is the most reliable route to wealth building in the US. Â But this
The Week Observed: July 22, 2016 Read Post »
Last April, I wrote my first ever post for City Observatory, which unfortunately began with a David Foster Wallace quote. But it was up and up from there. Over the last year-plus here, City Observatory
Recently, we made the case that promoting homeownership as an investment strategy is a risky proposition. No financial advisor would recommend going into debt in order to put such a massive part of your savings
Housing can’t be a good investment and affordable Read Post »
In yesterday’s post, we described why homeownership is such a risky financial proposition for low income households, who tend to be disproportionately people of color. From a wealth-building standpoint, lower income households tend to buy homes
Homeownership can exacerbate inequality Read Post »
It’s an article of faith in some quarters—well, most quarters—that in the United States, owning a home ought to be a surefire way to build wealth. Whether it’s presidents, anti-poverty groups, foundations, or realtors, we’re
Homeownership: A failed wealth-creation strategy Read Post »
What City Observatory did this week 1. How safe will the autonomous cars of the future be? The first-ever fatal collision involving a Tesla running on autopilot mode has prompted a debate on that subject.
The Week Observed: July 15, 2016 Read Post »
