Is owning a home no longer a part of the ‘American Dream’?

Morning After
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

For the longest time, buying a house was the cornerstone of the ‘American dream’. Wage stagnation and soaring income inequality have chipped away at this dream for years, and now many are calling into question if homeownership is worth it at all.

For younger generations, buying a house is increasingly becoming out of reach financially, and it might not even make financial sense, especially in times such as these.

Despite the trend towards renting, there are still many who see homeownership as a more secure option, as you are not beholden to landlords or management companies.

Of course, you are still beholden to mortgage banks, the lawnmower and busted hot water heaters flooding your floors.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

More News Headlines


More From Morning After


Don't Miss


Latest News

More News