Article by:
Rachel Newcomb
Homeownership has long been considered an essential component of the American Dream. Owning a home signifies financial stability, putting down roots, and transitioning into adulthood. Renting, on the other hand, is often seen as throwing away money.
But the idea of homeownership is a relatively recent concept. Fewer than half of the American population owned a home until the 1940s when a law was passed to make government-subsidized mortgages available to the middle class. Today, around 66% of the U.S. population owns their own home. But with skyrocketing interest rates, low inventory, and record-high real estate prices, does buying a home still make financial sense? Read the full article...
Google