People Who Were Alive Through the Housing Bubble Do Not Consider Homeownership "a Way of Obtaining a Firm Financial Foothold"

The NYT had a piece on mortgage financing that was written as though the housing bubble and crash never occurred. It includes the incredible assertion that homeownership is considered a way to get a firm financial foothold as though there were not overwhelming evidence that this is often not the case. Even before the bubble, housing was often a volatile asset.

There are many markets where people have seen their house prices crash along with their local economy. For example many people in Detr...