In the 1946 film classic, It’s a Wonderful Life, Pa Bailey explained to son George that it’s the nature of man “to want to own his own roof and walls and fireplace.” In more modern parlance, home ownership is the “American Dream.”
Of course, less spoken of are the demerits of ownership, particularly as a distraction that can keep us from doing what we do best. We cover many of them in our new book, Bringing Adam Smith Into the American Home: A Case Against Home Ownership.
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