The Oldest and Most Trusted Real Estate News Magazine

American “Nightmare”: Real US Homeownership Rate Has Never Been Lower

American DreamThe transformation of the American Dream, most broadly manifested in popular folklore as the aspiration of the US middle-class to own a home (even if it means agreeing to a 30-year loan with one’s friendly neighborhood too-big-to-fail bank), into the American Nightmare, in which an entire generation (the Millennials) is locked out of purchasing a home due to over $1 trillion in student loans hanging over every financial decision, an abysmal jobs market (for everyone but college educated “waiters and bartenders” whose hiring is on a tear), and banks’ unwillingness to lend money to anyone that can fog a mirror, and forcing millions of Americans to rent instead of buy, has been duly documented here before.


Read the rest of American “Nightmare”: Real US Homeownership Rate Has Never Been Lower  »

For more articles like this, please visit our Real Estate Investing Blog.


© 2015 by Marco Santarelli and Norada Real Estate Investments. Your Premier Source for Turnkey Cash-Flow Investment Property.

Tags: , , ,

Sitemap Madbadcat Graphics