Home ownership is a well-entrenched component of the American dream. But, that may well be changing, according to a major survey released earlier this month from the MacArthur Foundation.
For a majority of Americans today, renting is a viable path to achieving their version of the American dream, the study finds.
The report [PDF], entitled How Housing Matters: Americans' Attitudes Transformed By The Housing Crisis & Changing Lifestyles, was carried out for the foundation by Hart Research Associates. It is based on telephone interviews with 1,433 adults conducted between February 27 and March 10 of this year as well as focus groups conducted in various cities.
Read more...Renting the American Dream - Richard Florida - The Atlantic Cities