Wake Up Call - Is Homeownership Really Superior To Renting? - 05/20/13

The Wake Up Call show

Summary: A new study shows that homeownership can actually increase unemployment in that it is inhospitable to innovation and job creation. Being tied to a home you cannot sell severely crimps your ability to find a new job. Home interest deductibility is inherently unfair to renters. Yet homeownership’s reputation has not taken much of a beating despite the price declines of recent years. The recent 60 Minutes segment on those returning from war with head injuries. Doug Nolan’s take on the euphoria overwhelming the stock market today. The effect of the recent rally on corporations. Bill Bonner’s humorous take on suicide