Rent Forever and Love It – The American Mind

Housing is an industry, but it is also where people live, raise families, and stake their future. Yet increasingly, all around the world, housing has increasingly become just a commodity to be traded, often by foreigner investors, notably from China, as well as by large well-capitalized financial institutions who plan to cultivate a generation of lifelong renters. In the notorious words of the World Economic Forum, You will own nothing, and love it. Well, you may not love it, but the first part is coming true.

via americanmind.org

I know it’s not the libertarian position, but there’s something to be said for the mortgage interest deduction and other policies that encourage ownership of one’s own home. For one thing, it gives the masses (that’s us) a big stake in private property. And that’s close to being the whole ball of wax.