Despite the downturn in the housing market that ignited the foreclosure crisis and the meltdown in the economy, home ownership is still a major part of the American Dream.
A poll conducted by Allstate and the National Journal Group found that nearly nine out of 10 homeowners would buy their homes again, Banker & Tradesman reported in its Housing Scene blog March 22, 2011.
In addition, nearly three quarters of the poll's respondents would encourage a family member or friend to purchase a home as a long-term asset.
Considering the number of foreclosures and homeowners under water over the past several years, some people may be shocked by America's continued love affair with home ownership. I'm not surprised. It's simple in my opinion.
Does renting really compare to the satisfaction a person gets from owning his or her own home? It's not even close.