Radio Times

Revisiting the ‘holy grail’ of home ownership

April 18, 2011

Hour 2

For decades, home ownership has symbolized the fulfillment of the American dream.¬† Towards that end, the government and the housing and mortgage industries have encouraged most of us to believe we could and should have our own plot of land and a picket fence — and not only to provide shelter but also as the best possible financial investment one could make. ¬†But over the last few years, in the face of a home foreclosure crisis and significantly dropping real estate values, ¬†the conventional wisdom that home ownership is better than renting ¬†is being debated.¬† Is the American dream of home ownership still a goal worth pursuing or a thing of the past?¬† Our guest is Wharton professor JOSEPH GYOURKO.

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