Posted To: MND NewsWire

Is homeownership still the American Dream? Should it be? An article published in the Journal of Economic Perspectives argues while the former has long been the case, one strongly supported by government policy, that has changed. Now there is a growing school of thought that the focus should shift toward other aspects of upward mobility. As the recent changes in the tax code might indicate, government policy is shifting with it, towards a view that homeownership may not be for everyone. The article, written by Laurie Goodman, Vice President of the Urban Institute’s Housing Finance Policy Center, and Christopher Mayer, Paul Milstein Professor of Real Estate, at Columbia University, examines US homeownership from three different perspectives. The international perspective compares rates in this…(read more)