Business School professors Eli Beracha of East Carolina University and Ken H. Johnson of Florida International University have done extensive research on which makes more sense financially:to rent or own a home. They published,Lessons from Over 30 Years of Buy versus Rent Decisions:Is the American Dream Always Wise? In their paper,the professors do not dispute the social benefits of homeownership:
“Home ownership is touted as the “American Dream”. It is credited with enhancing wealth,increasing civic pride,improving self-esteem,crime prevention,child development,and better educational outcomes,among other benefits. This paper does not dispute any of these claims.”
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