"You hear all this rhetoric about stability caused by homeownership," ... "But the communities that survived the housing bubble the best were the ones that had the highest percentage of renters."
a home mortgage deduction ... essentially "bribes people to buy bigger houses." ... renters offer plenty of social good themselves, helping creating vibrant cities. "The idea that homeownership is always great and renting is un-American is an awful state of affairs," he said.
http://www.nytimes.com/2010/06/12/business/12nocera.html?pagewanted=all
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