*this is a nice little article that I found that makes a large case for people to have/buy a home. It's the AMERICAN DREAM!
<http://rismedia.com/2011-06-09/owning-a-home-essential-to-the-american-dream-survey-shows/>
Summary: The National Association of Home Builders (NAHB) has taken a survey around the country to gauge how the general public feels about owning a home. Survey says, "...that Americans see beyond the immediate housing market to the enduring value of homeownership,"(Nielson). The survey conducted reported that over 75% of people polled said "...owning a home is worth the risk of the fluctuations of the market, and 95% of of the homeowners said they were happy with their decision to own a home."(Nielson)
My Opinion: Aside from market conditions around the country, people still see the value of owning a home and many young people starting out WANT to own a home. This drive from younger people will hopefully correct the market in the near future. Here is a few more facts from Nielson's article:
Among the other survey results: (MAY 2011)
• Homeownership and a retirement savings program are considered by voters to be their best investments.
• 80 percent of home owners would advise a close friend or family member just starting out to buy a home.
• Saving for a downpayment and closing costs is the biggest barrier to homeownership.
• Americans believe that owning their own home is as important as being successful at their job or being able to pay for a family member’s education
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