Renting the American Dream
"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.