CHAPTER 2 Owning Your Home: A Piece of the our Home: A Piece of the American Dream Homeownership is often considered one of the defining aspects of the "American Dream." It symbolizes prosperity, stability, and success, achieved through hard work and determination. For many, owning a home is not just about having a roof over your head—it’s about building a future. The numbers speak for themselves: about 66% of Americans own their homes, and countless others hope to join them. The appeal is clear—homeownership offers financial security, a sense of permanence, and pride in ownership. It’s a milestone that resonates deeply with those who strive for independence and stability.
Why We Crave Homeownership
Something about owning a home strikes a powerful chord. It offers a sense of control, security, and pride that renting doesn’t often provide. The decision to buy a home is often tied to life changes, like getting married, starting a family, or simply wanting to plant roots in a community. For millennials, interestingly, the number-one motivator for buying a home isn’t always family—it’s often about giving their dog a yard to roam! This shows how personal and lifestyle- driven the decision to own a home can be. On the flip side, older homeowners nearing retirement may 6
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