[lbo-talk] A Bane Amid The Housing Boom: Rising Foreclosures

[Jordan Hayes]

> It's not a means of wealth building, it's a place to live!

... said the life-long renter :-)

Conventional mortgages are like "Christmas Clubs" or similar savings
plans, with or without appreciation.  For many people, not having a
mortgage means no savings at all.

/jordan