Rethinking the Benefits of Homeownership (Diane Rehm Show)

Owning a home has long been a linchpin of the American Dream. But the recent housing crisis and changing bank lending practices have led to a drop in the number of people buying houses: The nationwide rate of homeownership is at its lowest rate in 20 years. While some have mourned this loss for the U.S. economy, a new study finds that half of American homeowners would have built more wealth by renting. The new research says many people looking to buy a home overestimate tax deductions, rely on biased, online calculators and underestimate expenses. Diane and a panel of experts discuss rethinking the benefits of homeownership.
Interview:
http://thedianerehmshow.org/shows/2014-12-15/rethinking_the_benefits_of_homeownership