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View Diary: “Ownership” Societies – Part I (40 comments)

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  •  We may be moving away from a home ownership (1+ / 0-)
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    Marie

    culture. When workers could expect to spend 15-20 years, or an entire career at a single company, home ownership made sense. In an economy where workers shifting companies several times in a career is the norm, home ownership becomes an impediment to job change.

    When even white collar workers are treated like resources that can be used up and discarded instead of investments to be treated like long-term assets, the utility of buying a home instead of renting one goes down.

    It is a shift from stability to mobility.

    Supply follows consumption. You cannot stimulate consumption by crushing the consumer. Deal with it.

    by Zera Lee on Thu Feb 16, 2012 at 01:58:18 AM PST

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