Edmund Phelps Quotes
I'm not attacking the idea that people live in conglomerations of houses in proximity to one another, sharing the same water mains and the same newspaper delivery boy and so forth. I'm not objecting to that. That could happen with or without homeownership.
Citations
Phelps, Edmund S. Interview by Allysia Finley. "The Weekend Interview: The Cult of Homeownership." The Wall Street Journal, 11 Oct. 2013.
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Edmund Strother Phelps (born July 26, 1933) is an American economist and the recipient of the 2006 Nobel Memorial Prize in Economic Sciences.