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.

1 minute read

August 18, 2009, 5:00 AM PDT

By Nate Berg


"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.

Friday, August 14, 2009 in The Wall Street Journal

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