Lessons from Over 30 Years of Buy versus Rent Decisions : Is the American Dream Always Wise ?

@inproceedings{Beracha2012LessonsFO,
  title={Lessons from Over 30 Years of Buy versus Rent Decisions : Is the American Dream Always Wise ?},
  author={Eli Beracha and Ken Johnson},
  year={2012}
}
Homeownership is touted as the “American Dream.” It is credited with enhancing wealth; increasing civic pride; and improving self-esteem, crime prevention, child development and educational outcomes, among other benefits. This article does not dispute any of these claims. Instead, this study hypothesizes that crowding toward homeownership raises the price… CONTINUE READING