Article Review from Yahoo! Finance

Posted by Carlos Sera on Nov 7, 2013 6:54:26 AM

This is an excellent article:

Higher Levels of Home Ownership Lead to Higher Unemployment, New Study Finds

Often times people don't understand the unintended consequences of what may seem on the surface as a greater good. Who wouldn't be for increased homeownership? Ask around and I'll bet you can't get anyone to say----nope I'm for renting. Three of my 4 children are in the workforce presently and I don't encourage them to buy a house because it reduces their flexibility.

The notion of home ownership for those that are still looking to either establish themselves in a work/community environment or have built up sufficient capital to be able to withstand home ownership risk is just too high. While the objective seems noble our society has always been one where people go to where the jobs are. The increase in costs and regulations associated with buying and selling houses due to our societal need to protect has significantly reduced mobility. If you don't know where you want to be professionally or can't predict where you want to live 5 years from now------rent.

Topics: Financial Literacy, Articles, home ownership, unemployment, New Study Finds, homeownership, rent