If your in Cleveland, take a drive through the Kinsman neighborhood or Slavic Village, and you will easily see the symbols of America's most recent housing crisis. Fueled by poor regulation and exuberant behavior from both banks and homeowners, the era of sub-prime lending has given the argument against homeownership in America even more credibility. The blight, crime, and poverty associated with the recent foreclosure crisis, particularly in urban America, should give our leaders an even greater sense of urgency to dramatically transform our nation's housing policies.
Check out Time's Magazines new cover story: "The Case Against Homeownership"
It's a good piece that can help inform a new conversation about how we can bring prosperity and stability to communities like Cleveland who are still struggling to recover from our most recent housing crisis.
