There is no question that home ownership is the “American Dream.” If people did not want to buy houses, then there would be no reason for the increased growth of mortgage-backed-securities and other financial investments. Financial institutions would not have had to move away from traditional 30-year mortgages or expand into “shady areas,” because if someone could not afford a home they would simply rent an apartment, or buy something affordable, not look into a quick fix for buying a house.
For these reasons, I do feel that too much emphasis is placed on home ownership. People should feel like they are “living the dream” no matter where they live or if they own a home or rent their home. I do not think that homeownership should be a priority on a national policy level.
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