Thursday, July 29, 2010

Home Ownership

“Our houses are such unwieldy property that we are often imprisoned rather than housed in them…I know one or two families, at least, in this town, who, for nearly a generation, have been wanting to sell their houses in the outskirts and move into the village, but have not been able to accomplish it, and only death will set them free.” – Henry David Thoreau

I think about this quote when I take my daily walk in our neighborhood and see homes that have had “For Sale” signs up since we moved back here in December 2007. I don’t know who owns the homes now, but they aren’t lived in anymore. Maybe a bank owns them, maybe a corporation bought them when they transferred an employee – either way, what a burden.

1 comment:

Perplexio said...

There's a lot of blame to go around for the housing market collapse. I know Congress is trying to put all the blame on the mortgage/lending industry and "predatory lending" and while they do deserve a lion's share of the blame Congress also deserves a share of the blame. In the early 2000s there was pressure from certain congressmen to expand home ownership to make it attainable for all people. But the truth is, there are people out there who really have no business being homeowners. And broad-based mass home-ownership is a bad idea for that very reason. When you couple the legislative pressure with unchekced greed you end up with disaster and that's where we are now. At least one senator who was partially responsible, Chris Dodd, is stepping down when his term is done. But Congressman Barney Frank should also step aside for his role in our current financial mess.