The Amazing Arithmetic of Home Ownership

A lot of people are down on home ownership these days, some for good reason.

• Young people with student debt can’t be enthusiastic because it’s too painful. Their debt takes them out as homebuyers.• Those who overreached during the bubble are still recovering. At best, they are a long way from having the trauma of being “upside-down” become nearly a bad memory. At worst, they are renting a single-family home they would once have purchased.

via The Amazing Arithmetic of Home Ownership.