{"id":368,"date":"2008-04-03T12:55:16","date_gmt":"2008-04-03T16:55:16","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/anderkoo\/2008\/04\/03\/more-perils-of-home-ownership\/"},"modified":"2008-04-03T12:56:39","modified_gmt":"2008-04-03T16:56:39","slug":"more-perils-of-home-ownership","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/anderkoo\/2008\/04\/more-perils-of-home-ownership\/","title":{"rendered":"More perils of home ownership"},"content":{"rendered":"<p>I&#8217;ve been ranting about the hidden costs of home ownership for some time now (<a href=\"http:\/\/blogs.law.harvard.edu\/anderkoo\/2007\/04\/11\/home-ownerships-deceptive-savings\/\">here&#8217;s one rant<\/a>), and today&#8217;s NYT features another that is often cited by economists but dismissed by home ownership zealots: <a href=\"http:\/\/www.nytimes.com\/2008\/04\/03\/business\/03labor.html\">job mobility<\/a><\/p>\n<blockquote><p>\u201cYou hear a lot about foreclosure and the thousands of families who are being forced out,\u201d said Joseph S. Tracy, director of research at the Federal Reserve Bank of New York. \u201cBut that is swamped by the number of people who want to sell their homes and can\u2019t.\u201d<\/p><\/blockquote>\n<p>I should reiterate that I&#8217;m not opposed to home ownership, just to the American romanticizing of it as some kind of rite of passage to adulthood + civic responsibility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;ve been ranting about the hidden costs of home ownership for some time now (here&#8217;s one rant), and today&#8217;s NYT features another that is often cited by economists but dismissed by home ownership zealots: job mobility \u201cYou hear a lot &hellip; <a href=\"https:\/\/archive.blogs.harvard.edu\/anderkoo\/2008\/04\/more-perils-of-home-ownership\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":271,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[415],"tags":[],"class_list":["post-368","post","type-post","status-publish","format-standard","hentry","category-economics"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/anderkoo\/wp-json\/wp\/v2\/posts\/368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/anderkoo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/anderkoo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/anderkoo\/wp-json\/wp\/v2\/users\/271"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/anderkoo\/wp-json\/wp\/v2\/comments?post=368"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/anderkoo\/wp-json\/wp\/v2\/posts\/368\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/anderkoo\/wp-json\/wp\/v2\/media?parent=368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/anderkoo\/wp-json\/wp\/v2\/categories?post=368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/anderkoo\/wp-json\/wp\/v2\/tags?post=368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}