Posts Tagged ‘homes’

Home Owning Dreams

Owning one’s own home seems vital to being an American; it is intimately tied  to our understanding of the “American Dream.” The headline of a 2008 Newsweek story on the foreclosure crisis blared “The American Dream – Only This Time in Reverse.”  When NPR recently broadcast a story that rates of home ownership had dropped from a peak of  69% in 2005 to 66%, the voices on the radio carried the melancholy tone of loss.


However, the dream of home ownership, complete with a white picket fence, was not always considered the ultimate test of making it in America. There was a time when many affluent Americans preferred to rent, leaving home-buying to striving immigrants. Then, in the mid-twentieth century, Uncle Sam helped make home ownership the American Dream.


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