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Carrick on money: Why the hate for home ownership?

The financial system was brought to its knees in 2008 in large part by subprime mortgage securitizations that created a U.S. housing bubble that collapsed in spectacular fashion.


The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Why the hate for home ownership?
In Canada, we debate whether homes are a good investment or not. In the United States, where housing crashed five or so years ago, the debate is on whether housing is a terrible investment. Here, a U.S. financial columnist defends home ownership.

Buy a home or rent?
The Wall Street Journal tackles this question and the results are not a slam-dunk for buying.

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A columnist at The Motley Fool, an investing website, addresses the buy vs. rent issue.

You'll notice that American analyses of buying versus renting use a lower rate of house price appreciation than we Canadian owners have seen. Here, a U.S. observer calls into question how sustainable housing price growth in Canada is.

Stock market crashes through history
The Economist put together this essay on the great slumps that have shaken the global financial system since the South Sea bubble of 1720.

More money
Join the 45,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More


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