- Miller Samuel Real Estate Appraisers & Consultants - http://ms.clash.outthinkgroup.com -

[Unanticipated Consequences] The Joys Of Home Ownership

If you are a renter and pay taxes, congratulations – you are now experiencing homeownership, and it’s not a pretty sight. In a great article by Gretchen Morgenstern of the New York Times called:
The Joys of Ownership [1]

Make no mistake: we, the American taxpayers, are amassing quite a portfolio of flotsam and jetsam in the mortgage bust. It certainly brings new meaning to the notion of an ownership society, doesn’t it?

Here are the costs of the bailout of “Frannie”: