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Question of the Week

Do you own your home? If yes, why? If no, do you aspire to own or think it’s not worth it?

Posted Oct 2, 2013 12:00 PM CDT
By Sarah Mui

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Poll: Do you own your home?

This poll ended on Tue, October 29, 2013 - 3:30:14.

Results

  • Yes, I am a homeowner.
    748 votes (57.1%)
  • No, I am a renter.
    399 votes (30.46%)
  • I live with family members.
    163 votes (12.44%)
Total Votes: 1310

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.

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