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Sunday, August 11, 2013

Renting The American Dream

President Obama gave a big speech last week on his plans to increase home ownership in the US, including helping more people who are upside-down on their mortgages and winding down government-backed Fannie Mae and Freddie Mac.

But Rick Newman of Yahoo Finance thinks Obama's message on home ownership is outdated -- that instead of promoting owning a home as the dream for all Americans, he should be telling more people to rent a place to live. Since Rick is a frequent guest on my America Weekend show, I invited him back to explain his argument.

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Click here for my previous conversations with Rick Newman.

Rick Newman is author of "Rebounders: How Winners Pivot From Setback To Success."