Do you own your home? If yes, why? If no, do you aspire to own or think it's not worth it?
Image from Shutterstock.
Earlier this year, a law professor concluded that because of high debt loads and a bleak job market, nearly half of 2011 law school graduates can’t afford to buy a home.
And last week, tax law blogger (and law grad who has written about having significant school debt) Kelly Phillips Erb wrote about selling her home and deciding to become a renter. She pointed out some faulty conceptions about the tax advantages of home ownership.
So this week, we’d like to ask you: Do you own your home? If yes, why? If you rent or have another sort of living arrangement, do you aspire to one day own a home, or do you think there are better ways to invest one’s money?
Answer in the comments.
Read the answers to last week’s question: Write a ‘Six-Word Memoir’ of your law career.
Featured answer: (Thanks to SMITH Magazine’s founder and editor Larry Smith for helping us choose our featured “Six-Word Memoir”.)
Posted by BIGLAWFANTASYLEAGUE SWOON: “Living life in increments of .10.”
Do you have an idea for a future question of the week? If so, contact us.
