How many times in your life have you heard that “Owning a home is achieving the American dream”, or words similar to that effect? In a recent survey, 56% of millennials, 59% of Gen X’ers, and 68% of Boomers chose “owning a home” as the top ingredient to the American Dream – so my guess is “at least a few”. I believe that “home ownership is the American dream” was likely a brilliant meme cooked up by the real estate industry many decades ago that simply never died (kind of like the diamond industry creating the arbitrary rule that...
[Read the rest of the story at 20somethingfinance.com]
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[Read the rest of the story at 20somethingfinance.com]