Tuesday, March 20, 2007
Urban Economics Potpourri
Tim Harford's recent article on Slate.com, The Renter's Manifesto: Why home ownership causes unemployment, is probably the most interesting thing I've read in the past few weeks. For an urban economist, it's got it all: globalization, economic restructuring, the importance of proximity in the face of technological advance, urban migration patters, and a quirky little theory about the economics of cities.
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A Wall Street Journal article from a few weeks ago also touches on the problems facing home owners and why renting may be a better options.
Why Your Home Isn't the Investment You Think It Is
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