Interesting. The young couple in the article can't seem to resist the historically low borrowing costs available to them and that renting their place could be

Interesting. The young couple in the article can't seem to resist the historically low borrowing costs available to them and that renting their place could be an option if they would not be able to sell, should they be required to move. Question- Does purchasing a home drastically reduce labor mobility as it stands in this country right now? In other words, if I want to go out to California with a group of three partners to start up a company that I think will have enormous impact and be disruptive to an existing industry, would I be less likely to take such a venture if I thought that an obligation like a mortgage would tie me down? With the rise in home ownership over the last decade (now in reverse), have we prevented ourselves from geographic mobility because of that dreadful debt burden in a 30 year fixed mortgage? Richard Florida describes this same issue in his new book, The Great Reset. I would agree with him that emphasis should not be as great on homeownership (and accompanying tax credits) and instead should be more towards driving new creative technologies and systems that this country needs to compete.