Own a home has become as American as apple pie and baseball. A great deal of the nation's burly middle class has in the past had a great amount of its wealth as fairness in its homes. Really, the government has taken huge lengths over the years to ensure that housing real estate was made reasonably priced through tax incentives and government-sponsored enterprises that reserved mortgage interest rates low.
Homeownership has definitely been billed by Washington and the media as a part of the American Dream, but should it be?
A new Time magazine cover story questions this conservative wisdom. Consequently are many academics and policymakers as Washington decides how to reshape its housing finance policy. The query posed above is an significant one.
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