Homeownership Among Americans

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1 The Pursuit of the American Dream Yuma N. Vuono COM 156 University Composition and Communication II November 6, 2010 Regina Kleiner Axia College of University of Phoenix 2 The pursuit of the American Dream Many Americans strive to fulfill the all-American dream: career, marriage, homeownership, family, and ultimately, retirement. Most people are either ignorant or misinformed about the benefits of being a home owner, especially during this strained economy and may think homeownership is out of reach. Most people believe that renting or leasing a home or apartment is more economical compared to the responsibilities of owning a home. Statistically, owner-occupied housing provides benefits to both the homeowners and to society (Berson & Neely, 1997). Throughout history, many presidents believe homeowners contribute significant benefits to social and political stability by strengthening citizen's stakes in their communities as well as their government. President Herbert Hoover called homeownership "a more wholesome, healthful, and happy atmosphere in which to raise healthy…show more content…
(1997). Homeownership in the United States: Where we've been;... (cover story). Business Economics, 32(3), 7. Retrieved from MasterFILE Premier database. Cauley, S., Pavlov, A., & Schwartz, E. (2007). Homeownership as a Constraint on Asset Allocation. Journal of Real Estate Finance & Economics, 34(3), 283-311. doi:10.1007/s11146-007-9019-9. Federal Reserve Board : 2007 Survey of Consumer Finances (2007) http://www.federalreserve.gov/pubs/oss/oss2/2007/scf2007home.html Kiviat, B. (2010). The Case Against Homeownership. Time International (South Pacific Edition), 176(13), 35. Retrieved from MasterFILE Premier database. Knelman, B. (2002). Homeownership: A Continuing American Dream. Region (10453369), 16(2), 26. Retrieved from MasterFILE Premier database. (n.d). Homeownership is not possible for every American. USA Today, Retrieved from MasterFILE Premier
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