Proof the American Dream Has Been Indefinitely Deferred | Alternet
'Proof the American Dream Has Been Indefinitely DeferredAn alarming new study finds that homeownership in the U.S. is rapidly becoming a thing of the past. '
'For generations, homeownership and the equity that comes with it have symbolized the American Dream. '
'Renters accounted for 47.3 percent of Chicago residents in 2006; in 2016, that number was 51.3 percent. '
'HUD has proven invaluable for both renters and first-time homeowners, but President Trump’s contempt for the department is obvious. '
'In San Diego, for example, the number of renters jumped from 47.9 percent of the population to 53.4 percent. '
[–] winners_history 0 points 1 point 1 point (+1|-0) ago
Unless you're a real-estate speculator, 'owning' a house merely anchors you, in an era where mobility is becoming a job requirement.
[–] Tallest_Skil 0 points 1 point 1 point (+1|-0) ago
You don’t own your house, anyway. Stop paying property taxes and the bank (lol, read the noun again and it will sink in) steals your house from you even if you paid your mortgage off 30 years ago.