The Real Deal Miami

Is homeownership still the dream?

July 29, 2010 01:30PM

While homeownership has long been synonymous with the “American Dream,”
the mortgage crisis and subsequent housing market turmoil have turned
this ideology on its head. In this CNBC
video, Congressman Paul Kanjorski weighs in on whether owning a home
should be the ideal for many families. “It doesn’t fit all people; not
all people are capable of homeownership at this time,” Kanjorski said.
“But in reality, we’ve always found over history [that] homeownership
is probably the best equity builder that our system has had… we want
to make sure we don’t throw the baby out with the bath water.”