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01

If It’s Stability You Want, Then Rent, Don’t Buy

By Tony Seruga

New research by the ECB shows just how bad for financial stability possessing your own home can be

Anyone who got caught in the real estate bust last decade in the U.S. or U.K. probably knows this already, but now the economic data is in: home ownership can be bad for you.

More accurately, it can be harmful to the financial stability of whole economies. That’s the evidence from a new study published this week by European Central Bank research economist Gerhard Ruenstler…

If It’s Stability You Want, Then Rent, Don’t Buy

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