The two Time covers above really highlight the impact that the media can have on the psyche of the public. I really enjoyed the following article by Brett Arends at the Wall Street Journal and agree wholeheartedly with his points. Enjoy! ~ Ryan
Enough with the doom and gloom about homeownership.
Sure, maybe there’s more pain to come in the housing market. But when Time magazine starts running covers that declare “Owning a home may no longer make economic sense,” it’s time to say: Enough is enough. This is what “capitulation” looks like. Everyone has given up.
After all, at the peak of the bubble five years ago, Time had a different take. “Home Sweet Home,” declared its cover then, as it celebrated the boom and asked: “Will your house make you rich?”
But it’s not enough just to be contrarian. So here are 10 reasons why it’s good to buy a home. (Click here to read the rest of the article)
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