Saturday, March 2, 2024
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Will the American Dream still include owning a home?

Most Americans want to own their own home. Some even call it a biological urge, based on our human desire to nest. Whatever the current economic condition of the country, whatever the latest programs offered or atrocities committed by government and banking institutions, that desire doesn't seem to change and is unlikely to change even 25 years from now.

Perhaps Thomas Jefferson put it best, "A right to property is founded in our natural wants."

Even after a devastating housing and mortgage crash that resulted in millions of foreclosed homes and trillions of dollars of home equity lost, the majority of Americans have not given up the idea that ownership is representative of their economic dream.

(Read more: Housing stocks that stayed hot through winter: Pro)

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