The Joint Center for Housing Studies at Harvard, Which is Best Known for Denying the Existence of the Housing Bubble, Still Says Homeownership Is the Best Route to Building Wealth

The NYT tells us that we should still be pushing people to be homeowners, based largely a report by the Joint Center for Housing Studies at Harvard, which gets much of its funding from industry groups. The editorial is in many ways a classic exercise in bad logic.

The basic point seems to be that homeowners accumulate more money on average than renters. While this is true, the relevant question is not whether homeowners accumulate more money, but rather whether homebuyers accumulate more mone...