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This is an important point to understand changes in the home ownership rate over time. The bust of the housing bubble resulted in many houses becoming foreclosed. However, the decrease in the home ownership rate from 3Q2007 to 4Q2007 was mostly a result of an increase in the renter's population and less due to a decrease in the homeowner ...
Housing is also important to developers, builders, lenders, realtors, investors, architects, and other specialized professions and trades. These groups view housing as a commodity for financial gain. [4] As the United States industrialized in the 20th century, demand for housing fueled job growth and consumer products to create economic growth.
President Bush advocated the "Ownership society." According to a New York Times article published in 2008, "he pushed hard to expand home ownership, especially among minorities, an initiative that dovetailed with his ambition to expand the Republican tent — and with the business interests of some of his biggest donors. But his housing ...
Here's more evidence that the foreclosure crisis has changed the way we think about home ownership's place in the American dream. Nearly half of those polled in a newly released survey said that ...
Anytime that something is nationally recognized as "The American Dream", there's a good chance that it's overrated.In the midst of record foreclosures, and plummeting home values leaving people ...
Ever since the end of the boom years of the early 2000s, the housing market has struggled to hit bottom, seemingly plowing ever lower even after years of declines. As a result, millions of former ...
In summary, the study presented that the three countries rode the waves of political policies that were formed around the right/center-right governments’ desire in the 1990s to stimulate home ownership and reduce social housing expenses and build a society of self-sufficient home-owners. [42]
Americans' love of their homes is widely known and acknowledged; [86] however, many believe that enthusiasm for home ownership is currently high even by American standards, calling the real estate market "frothy", [87] "speculative madness", [88] and a "mania". [89]