Link: 5 myths about homeownership - Joseph Gyourko in the WaPo

Once again, long-term data disproves cherished myths of mine… 1: Housing is a great long-term investment 2: The homebuyer tax credit makes buying a house more affordable 3: Homeownership is good for society because owners make better citizens 4: It’s safe to buy a house with a very low down payment 5: Owning a home is cheaper than renting one because you save on rent