Is Your House an Investment?

A few weeks back, I wrote about the ethic of homeownership, and how I think it is unlikely to be dislodged from American society. If we’re going to improve our housing policy and ensure more adequate supply, we’re going to have to work with that ethic, not against it. And I think that’s a feasible thing to do. That piece was a response to an article in The Atlantic by Jerusalem Demsas, and I wanted discuss housing issues in more depth with her. The result, I think, is a really interesting conversation — starting with how the housing shortage causes homelessness, moving through the politics of building support for more housing supply, and then talking about the homeownership society — why Americans want to own, when that’s the right impulse, when that’s misguided, and what can be done to make renting and owning good options for the circumstances they suit.

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