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The case against homeownership
Let's hear it for rootless cosmopolitanism, says the Economist. Owning property is boring and economically harmful.
Andrew Leonard [2007-12-04]

  • Not owning a home could reduce foot print

    Hi,

    The rootless part is only half true in countries like India where the rural population is slowly migrating to the city in search of greener pastures.

    I live in Chennai, India chronically challenged for living space.

    We moved here for work reasons and dont have any ancestral property that suddenly turned into a gold mine in chennai. If we decide to but a home here it would be a good 10-20 km from urrent school and work places. So we rent instead.

    We save the co2 on commuting, traveling far to get to good restaurants or places of entertainment. We also probably keep one farm in the outskirts of this big city from becoming a residential area.

    SO, Viva for the homeless and the rootless.

    KPKS

    -- kpgsss
    [Read kpgsss's other letters]
    Tuesday, December 4, 2007 11:00 PM
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