They mention upper middle class. Should not the middle class have access to home ownership. Other than that I agree that across the western world there is an un

They mention upper middle class. Should not the middle class have access to home ownership. Other than that I agree that across the western world there is an unhealthy obsession with homeownership. I live in Norway and I am just waiting for housing market to come crashing down. I am a homeowner but I really don't want to be one. It is just that the economic incentives created by the tax system makes it stupid to rent. It shouldn't be like that because it causes an over-investment in property and runaway prices. Countries like Germany which has not been so overly focused on home ownership has much healthier housing prices. If feel like Russian roulette. You got to figure out that right time to pull out and go renting before everything comes crashing down. But if you pull out too early you pay a heavy premium and getting into the housing market will be so much more difficult in the future with even higher prices. Makes you wonder about the whole free market pricing. Back in my parents day the whole housing market was socialist. Government set the prices. As any socialist system, it caused a lot of waiting lines to get housing, but man it was so much cheaper. Despite making way more money than my parents did, they could afford a much bigger house than I can today. The free market seems very poor at stopping asset bubbles. I think we need a new way of handling assets in the market.