Date: April 7th, 2008

House-locked

7 April, 2008 (11:08) | Markets, Primer Posts, Subprime, Tenure, Theory, US News | No comments

We think of a home as security – if you own it, no one can take it from you – and that security comes at a cost, in capital investment and reduced mobility.  Most of us willingly make that trade.  We like the familiar nest, the morning-evening commute to and from work dividing our lives [...]