The American Dream of Homeownership: Bloody but Unbowed
But Americans are not so easily daunted. The idea of owning one's home is ingrained in our psyche, according to a new Pew Research Center survey. The nationwide survey, conducted in March, asked more than 2,000 adults whether buying a home was the "best long-term investment a person can make." Around 8 out of 10 respondents, or 81 percent, agreed with that statement.
That level of optimism is pretty surprising, considering that in a related Pew Research survey, nearly half of 1,222 homeowners polled said their house is worth less now than before the recession started. In that same survey, 31 percent said their home was worth about the same, while only 17 percent said their home's value had grown.
Clearly, faith in the value of owning one's home is thus far unshakable. When Pew asked Americans to rank the importance of four long-term financial goals, homeownership came in first, narrowly beating out "being able to live comfortably in retirement." Go figure.
These AOL Real Estateguides can help, whether you're in the market to buy, rent or sell:
- How to Shop for Your First Home
- Tips for Finding a Rental Apartment
- How to Price a Home to Sell Fast
- Vacation Homes: Is Now the Time to Buy?
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