On Tuesday REALTOR.com® featured a blog post I wrote called “Beyond Motherhood and Apple Pie: The Value of Homeownership.” With all the talk of people choosing to walk away from their homes because they owe more than the homes are worth (“strategic defaults,” which I’ve written a lot about) I got to thinking about the underlying value of homeownership.
Might it make more sense to avoid the risk of 30%+ drops in Phoenix home values and just rent forever? The answer, I realized as I wrote the blog, is “probably not.” Of course, homeownership doesn’t always make sense for everyone. But it often makes sense for many people.
Anyway, check out my blog on the value of homeownership – in the Phoenix real estate market and elsewhere, featured on REALTOR.com®.
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