the.com/homeownership
the american dream, financed at a rate that keeps you awake at 3am.
means owning real estate, usually with a bank owning most of it until you pay off the mortgage over decades.
from the phrase surged in the 20th century alongside government policies like the gi bill and fha loans, which made mortgages accessible and turned owning a house into a national identity marker.
tax code favormortgage interest deduction subsidizes owning over renting
wealth gaplargest driver of household wealth in america
maintenance mythbudget one to two percent of value yearly for repairs
illiquid assetselling takes months, unlike stocks or cash