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