Home › News ›

Renting the American Dream

Posted by: Nate Berg

18 August 2009 - 5:00am

Home ownership remains a major part of the American dream. But more and more people are beginning to question the wisdom of investing in a home and are leaning towards renting.

"Today more than two-thirds of Americans own their own homes. Among whites, more than 75% are homeowners today.

Yet the story of how the dream became a reality is not one of independence, self-sufficiency, and entrepreneurial pluck. It's not the story of the inexorable march of the free market. It's a different kind of American story, of government, financial regulation, and taxation.

We are a nation of homeowners and home-speculators because of Uncle Sam."

But the recent meltdown of the housing market is pushing more Americans towards renting as the smart choice.

Full Story: The New American Dream: Renting
Source: The Wall Street Journal, August 14, 2009
»
Bookmark and Share
“
Officials in South Africa understand the potential risks they've brought upon themselves. They've seen abandoned Olympic venues blight Athens. They know that even Beijing has had trouble luring events to its infamous Bird's Nest stadium. But South Africa remains hopeful.
”