'Cause everything is rent...
I'm not ready financially. Gretchen and I have decades of higher education between us, and that comes with a cost. While she's still in school and we're living apart, buying a house would be crazy. Even once we move in together, it would be a tough sell, financially.
I'm not ready for the responsibility. I don't know how to fix minor plumbing catastrophes. I don't know (or much care) about proper lawn maintenance. I like having my lawn mown by the landlord, and my driveway plowed when the blizzards hit. I like being able to call in my broken water heater, and know that someone is taking care of it... and that it won't mean a hit on my checkbook.
I'm not ready for the commitment. Being tied down to a piece of property scares me. I've seen with one of my friends how hard it can be to move a house for a price you're happy with. With the next several years a big question mark, as my wife and I try to establish a life together for ourselves someplace, it doesn't make sense to be bogged down, even if I could joke about joining the "landed gentry." And with pastors (and possibly professors?) being more mobile than many middle class workers (and with housing still provided by many of our employers), I'm not sure owning a house will make sense down the road, either.
None of which is to rule out buying a house, if Gretchen and decide together that it's the right move for us. But it does make me want to shout a big "AMEN!" to Paul Krugman's recent column in the Times, questioning America's policy of promoting an "ownership society" of owner-occupied housing.
Why is it that my parents, friends, and parishioners are given a huge subsidy for owning their homes (deducting the interest on their mortgages come tax day), but we renters are given nothing but the finger by the IRS? What compelling government interest in home ownership justifies that kind of bias?
As Krugman points out, there are lots of arguments in favor of rental housing over against purchasing a home, particularly in tough economic times, and among workers who need to follow the jobs. He rightly wonders about the president's line of thought, when he utters in a speech: "If you own something, you have a vital stake in the future of our country." Don't renters have just as vital a stake in this country? Are we really only second-class citizens?
For now, both my wife and I rent, brazenly defying (out of necessity or out of choice) the government's preferred mode of living for us. And we, along with a whole lot of others, are paying a hefty price for being renters in an "ownership society." It's hard not to wonder why our government throws such huge amounts of money every year at discourging what is, for us right now, the best choice.
It's public policy, but is it a good policy for the public? Mark me down as unpersuaded.

