Another page from the book I am reading

Come on, try guessing who the author happens to be?  Okay, I will drop some hints. He is a well-known personality and very passionate about what he does. He is sort of a comedian too as he can make us Conservatives laugh but the Left absolutely hates him. Who is he???

I'm not trying to say that home ownership is a horrible idea. It works for many people but the perception that owning is always the best option for everyone is simply a relic from the past. It was created when our grandparents lived in the same town for 50 years, worked at the same job for 30 years, and stayed married for longer than six months.

These days over 20 million Americans change jobs every year and the typical worker changes jobs about ten times before age 40.We move from town to town state to state and increasingly from country to country. Estimates show that the average person now moves about 12 times in his or her life. Unless you're planning on living to 360 years old, how does a 30-year mortgage fit into that lifestyle?

Given how much we all move around, buying a home with a 30-year mortgage is akin to buying a new car with a five-year loan and selling it after 10 months, only to buy another car with another five year loan. Of course, the difference is that we expect auto values to constantly fall, unlike home values, which we expect to constantly rise. Just one of the Lehman Bothers how infallible that plan is.

The truth is that a home may be where the heart is, but it's also where the rest of your body is stuck. Owning a home can put you in a position where the local economy dictates your personal economy. For example, think about "Allentown", Not the real Allentown in Lehigh County, Pennsylvania, that has had almost exactly the same unemploymnet as the rest of the country for the last 20 years. I mean, Billy Joel's "Allentown", that miserable place where they've taken all the coal from the ground, and all the union people crawled awaaaaaayaaaayaaaayaaay. You see, when you're living there in Allentown, and they're closing all the factories down, the appropriate response is not to start killing, filling out forms, and standing in line. Instead, it's a much better idea to pack up and move to Orlando. Or some other place where jobs are available.

But, when you own a home that decision isn't really yours. It depends on convincing someone you don't know that the town you want to leave is a place they want to live. Then, they have to want it bad enough to buy your house at a price that doesn't put you tens of thousands of dollars in the hole.