Quote of the day – more hate for homeownership

Sorry to disappoint, but we’re not referring to CribChatter, Chicago’s very own hostel of hate for homeownership – and Jews, gays, McMansion owners and assorted other minorities.

Our headline comes from the ever-informative Calculated Risk blog, a rich feast of statistics on housing and mortgage trends.

And the quote of the day comes via Calculated Risk from the New York Times:

You have probably heard a version of the idea that renting a house is tantamount to flushing money down the toilet, while buying a home is building equity for your future. Well, it’s wrong, at least much of the time.

Follow the links in the Calculated Risk articles for an elaboration of the “rent is often better” thesis.

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