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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 ...
From this perspective, the concentrated ownership of property acts to diminish democratic values. [7]: 395 The notion of property-owning democracy acts to reverse this corruption of political power by redistributing productive property across a greater proportion of society, thereby facilitating a more equal distribution of political power.
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. [6] As the United States industrialized in the 20th century, demand for housing fueled job growth and consumer products to create economic growth.
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 ...
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 ...
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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 ...
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]