Homeownership—American Dream or Nightmare?

Owning a home has long been considered the ultimate aspiration. But social and economic realities mean the stories about and the path to homeownership are not simple and straightforward.

2 minute read

December 13, 2019, 7:00 AM PST

By Camille Fink


Suburban Neighborhood

Free-Photos / Pixabay

In a feature piece, Katy Kelleher looks at the concept of homeownership as part of the American dream and the disconnects between aspirations and reality. She starts by describing various films where the perfect home ends up terrorizing its occupants, a reflection of our tenuous relationship with the idea of homeownership and the burdens it brings:

There are two different tales we tell ourselves about houses. The primary story is not about ghosts or demons or red rooms or ghouls, but rather about bright futures, long lives, children, grandchildren, and hard-earned success. The second story, the darker story, is about the horror of being trapped.

Homeownership was not always an integral part of American culture, she notes. Instead, the narrative shifted in the post-World War II era, when opposition to public housing was on the rise and the suburbs were expanding rapidly. "Suburbia has always been good for industry. Big houses required big appliances and used lots of carbon, creating a ‘hydrocarbon middle-class family’ that was buoyed by three industries: coal, steel, and automaking," says Kelleher.

For Americans today, particularly millennials, owning a home is harder and even out of reach for many. And homeownership is not fulfilling the needs, perceived or actual, that it had in the past. "Perhaps the real American dream is to find a sense of stability, safety, and acceptance. Maybe this is a downsized version of our parents’ American dream, or perhaps it’s just more honest, taking into account all the different stories we’re fed from the outside, and all the private stories we tell ourselves behind closed doors," adds Kelleher. 

Wednesday, November 13, 2019 in Curbed

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

July 16, 2025 - Diana Ionescu

Green vintage Chicago streetcar from the 1940s parked at the Illinois Railroad Museum in 1988.

Chicago’s Ghost Rails

Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.

July 13, 2025 - WTTV

Blue and silver Amtrak train with vibrant green and yellow foliage in background.

Amtrak Cutting Jobs, Funding to High-Speed Rail

The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.

July 14, 2025 - Smart Cities Dive

Worker in yellow safety vest and hard hat looks up at servers in data center.

Ohio Forces Data Centers to Prepay for Power

Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.

July 18 - Inside Climate News

Former MARTA CEO Collie Greenwood standing in front of MARTA HQ with blurred MARTA sign visible in background.

MARTA CEO Steps Down Amid Citizenship Concerns

MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.

July 18 - WABE

Rendering of proposed protected bikeway in Santa Clara, California.

Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant

A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.

July 17 - San José Spotlight