Read the piece on theargumentmag.com ↗
Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.
Their wordsIt is an irresponsible public message to treat a leveraged, nondiversified, illiquid asset as the universally correct foundation for personal financial security.
Their wordsAs a result, instead of an asset that's there for you when other things are going poorly, a home is an asset that is likely to perform poorly exactly when you need it not to.
Their wordsOwning a home makes it much harder to leave your region if you need to. When you lose your job - or just want a new one - homeownership acts as a drag.
Keep reading