In #2, the author ignores the fact that a landlord *inevitably* passes on hir property tax bill to the renters, so the renters are paying property taxes, just not visibly.
In #4, the author makes a statement about housing values that is, at best, transiently true. Housing prices in the most 'bubbled' markets are certainly dropping. People that bought 10 years ago are not seeing their equity 'disappear' - it may be reduced because the housing market isn't overvalued as badly, but it's still going to be there.
In point #5, the author assumes that housing as an investment is the *only* long term strategy. Granted, for some people, it is - but those people are probably doing a lot of other suboptimal things, so focusing on this one is almost a red herring IMHO.
All of the points have merit, but the article on the whole is heavily slanted and vastly oversimplified. |
