The 'American Dream' Gets a Rewrite

A new survey has revealed that the housing bust has taken a toll on the fabled "American Dream," with the majority of respondents asserting that policies should be directed "to encourage rentals equally as much as home purchases."
taberandrew / Flickr

E. Scott Reckard looks at the results of the MacArthur Foundation's "How Housing Matters" survey, which was released this week. "After decades of equating homeownership with the American Dream, post-housing crisis realism about the risks and rewards of owning a home have led to greater support for rental housing and a more balanced approach in national housing policy," say the report's authors.

“'Many of the positive attributes that have long been associated with homeownership are fading,' said Peter D. Hart of Hart Research Associates, which conducted the survey for the MacArthur Foundation."

“And on the flip side of the coin, it is remarkable that nearly half of all homeowners can picture themselves one day becoming a renter.”

Full Story: Survey: Home ownership no longer central to the American dream

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209
Woman wearing city map tote bag

City Shoulder Totes - New Cities Added!

Durable CityFabric© shoulder tote bags available from 7 different cities.
$22.00
DVD Cover of The Story of Sprawl

The Story of Sprawl

See how America changed shape in this collection of historic films that visually document how sprawl evolved.
$29.99 for 2-DVD SET