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The Homeownership Society Was a Mistake
Article

The Homeownership Society Was a Mistake

Real estate should be treated as consumption, not investment.

The Atlantic, 2022


Editorial Rating

8

Qualities

  • Eye Opening
  • Background
  • Engaging

Recommendation

Home ownership is part of the American Dream, conveying notions of stability and success. Yet, for some, home-owning proves more of a nightmare. For the less well-to-do, a home may represent an outsized portion of their net worth and carry unsustainable burdens. Atlantic staff writer Jerusalem Demsas considers the issues surrounding home ownership and renting. She raises cogent arguments for policies that would make housing more affordable across the socioeconomic realm. Demsas notes that, for the good of society, perhaps housing should be a home rather than an investment.

Take-Aways

  • Homeownership has long been seen as a cornerstone of financial stability in the United States.
  • Owning a home is not advantageous for everyone.
  • Public policy should focus on affordable and abundant types of housing to address all manner of life circumstances and income levels.
     

About the Author

Jerusalem Demsas is a staff writer at The Atlantic.


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