A new poll out from the New York Times shows that the dream of owning your own home is not dead. In face the poll shows something completely different. In fact the new poll shows that 89% of american believe that owning a home is an important part of the American Dream.
The NYT poll summarized the key findings quite succinctly:
Owning a house remains central to Americans’ sense of well-being, even as many doubt their home is a good investment in after a punishing recession.
Nearly nine in 10 Americans say homeownership is an important part of the American dream, according to the latest New York Times/CBS News poll. And they are keen on making sure it stays that way, for themselves and everyone else.
Support for helping people in financial distress over housing is higher than support for helping those without a job for many months
Housing industry advocates couldn’t have scripted this any better. A down-on-its-luck, beaten-up fundamental US economic sector got its own very unique stimulus program today that came in the form of a credible poll that covered consumer views on homeownership.
This New York Times article and NYT/CBS News Poll results will be linked to by the hundreds of thousands and read by millions of homeowners, want to be homeowners and real estate professionals for the next few years providing the long neglected alternate view of actual real estate consumer sentiment, which shows very favorable results towards homeownership but with trepidation about the risk.