Renting the American Dream

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.
August 18, 2009, 5am PDT | Nate Berg
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"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.

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Published on Friday, August 14, 2009 in The Wall Street Journal
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