Will the dream survive?
Considering the unthinkable is not what most real estate people want to go any where near. The fact remains that this financial crisis has kicked home ownership as an investment squarely in the teeth. The concept of owning a home compared of where we were as a nation 5 years ago hs indeed changed.
Once upon a time, it was easy. Get a mortgage, put up the white picket fence and in 7.23 years you sold, got a big check and moved to a still bigger home that has faded. Then, there are cultural issues that have changed America profoundly over the last several decades that also are wearing on the concept of owning a home.
Compared to its peak, will we ever see citizens of America flock to residential ownership like we have in the past?
