Friday, Apr 17, 2009
Economic and social myths of house ownership
Economist: Building castles of sand
A pair of articles that analyses the costs and benefits of ownership. A measured antidote to the nonsense served up in many of the newspapers.
Posted by letthemfall @ 12:44 PM (338 views) Add Comment
1 Comment
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1. drewster said...
This article, together with the much longer article linked within the text, is of disappointing quality for the Economist. It focuses far too much on the economics of the "housing" market, without distinguishing between the house and the underlying land. The article ascribes much of the recent crisis to government support for homeownership, even though there is hardly any in the UK (the only tax relief here is CGT on the primary home).
The FT and MoneyWeek magazine have better reporting on the UK housing market.