Saturday December 7, 2019

Starter Homes Special: Legitimising the myth of renting

The effect of home ownership on wealth is very real – the evidence is overwhelming

24th April, 2016
Housing continues to offer a majority of households the opportunity to build up wealth, according to a Joint Centre on Housing Studies in Harvard University. Renters net wealth was unchanged at near zero.

It’s an unfortunate reality, but repetition sometimes morphs into fact. Consider the Central Bank’s lending rules, for example. Some argue they are a force of good. However, the empirical evidence is a little more tenuous.

We regularly see headlines decrying poverty and wealth inequality. What we don’t see is how to remedy the issue or how housing is such a key component of wealth.

My formal training and livelihood...

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