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Author: Viola Hilbert
Publisher:
ISBN:
Category : Political planning
Languages : en
Pages : 100
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Book Description
Throughout the twentieth century, policy makers have portrayed homeownership as an inseparable part of the American Dream and Presidential administrations have aimed to increase homeownership rates. Research has focused on comparing the financial outcomes of homeowners to renters, finding that the purchase of a home is more beneficial. Yet, not least the recent burst of the housing bubble demonstrated that tying all wealth in one illiquid asset can bear significant financial risks. Due to higher house price appreciation, regressive federal subsidies, and lower exposure to predatory lending practices, higher income households might benefit from homeownership disproportionately. To analyze the relationship between homeownership and wealth, I compiled a dataset using data from the American Community Survey and Census to match with home value and mortgage debt data at the county level and MSA level. Examining homeownership rates in 2000 and changes in housing wealth 2000-2014, I analyze the financial merits of homeownership for lower and higher income Americans, taking local housing markets into consideration. I find that higher homeownership rates increase housing wealth in higher income counties only and find no effect of homeownership rates on wealth inequality.
Author: Viola Hilbert
Publisher:
ISBN:
Category : Political planning
Languages : en
Pages : 100
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Book Description
Throughout the twentieth century, policy makers have portrayed homeownership as an inseparable part of the American Dream and Presidential administrations have aimed to increase homeownership rates. Research has focused on comparing the financial outcomes of homeowners to renters, finding that the purchase of a home is more beneficial. Yet, not least the recent burst of the housing bubble demonstrated that tying all wealth in one illiquid asset can bear significant financial risks. Due to higher house price appreciation, regressive federal subsidies, and lower exposure to predatory lending practices, higher income households might benefit from homeownership disproportionately. To analyze the relationship between homeownership and wealth, I compiled a dataset using data from the American Community Survey and Census to match with home value and mortgage debt data at the county level and MSA level. Examining homeownership rates in 2000 and changes in housing wealth 2000-2014, I analyze the financial merits of homeownership for lower and higher income Americans, taking local housing markets into consideration. I find that higher homeownership rates increase housing wealth in higher income counties only and find no effect of homeownership rates on wealth inequality.
Author: William M. Rohe
Publisher: Cornell University Press
ISBN: 1501731130
Category : Social Science
Languages : en
Pages : 326
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Book Description
Providing decent, safe, and affordable housing to low- and moderate-income families has been an important public policy goal for more than a century. In recent years there has been a clear shift of emphasis among policymakers from a focus on providing affordable rental units to providing affordable homeownership opportunities. Due in part to programs introduced by the Clinton and Bush administrations, the nation's homeownership rate is currently at an all-time high. Does a house become a home only when it comes with a deed attached? Is participation in the real-estate market a precondition to engaged citizenship or wealth creation? The real estate industry's marketing efforts and government policy initiatives might lead one to believe so. The shift in emphasis from rental subsidies to affordable homeownership opportunities has been justified in many ways. Claims for the benefits of homeownership have been largely accepted without close scrutiny. But is homeownership always beneficial for low-income Americans, or are its benefits undermined by the difficulties caused by unfavorable mortgage terms and by the poor condition or location of the homes bought? Chasing the American Dream provides a critical assessment of affordable homeownership policies and goals. Its contributors represent a variety of disciplinary perspectives and offer a thorough understanding of the economic, social, political, architectural, and cultural effects of homeownership programs, as well as their history. The editors draw together the assessments included in this book to prescribe a plan of action that lays out what must be done to make homeownership policy both effective and equitable.
Author: Charles V. Douglas
Publisher: Possibility Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 186
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Book Description
This extraordinary book has been called the seminal work on the historical, social, and spiritual aspects of the American Dream. Charlie Douglas analyzes its foundation, and lays out a clear, inspiring, empowering vision of the Dream and what it can become for each of us. Everyone pursues the American Dream in some way. It's our collective mantra and motivation to pursue success and quality of life through our sacred freedoms. Its essence very much defines what it means to be an American. Amidst a vastly changed world, a struggling economy, and a population that has lost trust in many of the country's fundamental institutions, this insightful book brings us back to the authentic Dream. It covers the quest for material wealth, and describes how the Dream's greatness lies in a much richer blend of economic freedom, spirituality, and amassing a rich legacy for future generations. The Dream isn't just America's message to a troubled world; it's our Creator's message to all humanity. Hailed by notable Americans of diverse backgrounds and political persuasions, Awaken The American Dream is ultimately the right book at precisely the right time. Awaken The American Dream will inspire and encourage you to build lasting wealth through both spiritual and financial capital, enabling you to leave an even more worthwhile legacy for your loved ones and for generations to come. Stimulating and enlightening, everyone who cares about living a truly rich life, and America, its future, and what it stands for will want to read this book. Book jacket.
Author: Hedrick Smith
Publisher: Random House Trade Paperbacks
ISBN: 0812982053
Category : Business & Economics
Languages : en
Pages : 626
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Book Description
Pulitzer Prize winner Hedrick Smith’s new book is an extraordinary achievement, an eye-opening account of how, over the past four decades, the American Dream has been dismantled and we became two Americas. In his bestselling The Russians, Smith took millions of readers inside the Soviet Union. In The Power Game, he took us inside Washington’s corridors of power. Now Smith takes us across America to show how seismic changes, sparked by a sequence of landmark political and economic decisions, have transformed America. As only a veteran reporter can, Smith fits the puzzle together, starting with Lewis Powell’s provocative memo that triggered a political rebellion that dramatically altered the landscape of power from then until today. This is a book full of surprises and revelations—the accidental beginnings of the 401(k) plan, with disastrous economic consequences for many; the major policy changes that began under Jimmy Carter; how the New Economy disrupted America’s engine of shared prosperity, the “virtuous circle” of growth, and how America lost the title of “Land of Opportunity.” Smith documents the transfer of $6 trillion in middle-class wealth from homeowners to banks even before the housing boom went bust, and how the U.S. policy tilt favoring the rich is stunting America’s economic growth. This book is essential reading for all of us who want to understand America today, or why average Americans are struggling to keep afloat. Smith reveals how pivotal laws and policies were altered while the public wasn’t looking, how Congress often ignores public opinion, why moderate politicians got shoved to the sidelines, and how Wall Street often wins politically by hiring over 1,400 former government officials as lobbyists. Smith talks to a wide range of people, telling the stories of Americans high and low. From political leaders such as Bill Clinton, Newt Gingrich, and Martin Luther King, Jr., to CEOs such as Al Dunlap, Bob Galvin, and Andy Grove, to heartland Middle Americans such as airline mechanic Pat O’Neill, software systems manager Kristine Serrano, small businessman John Terboss, and subcontractor Eliseo Guardado, Smith puts a human face on how middle-class America and the American Dream have been undermined. This magnificent work of history and reportage is filled with the penetrating insights, provocative discoveries, and the great empathy of a master journalist. Finally, Smith offers ideas for restoring America’s great promise and reclaiming the American Dream. Praise for Who Stole the American Dream? “[A] sweeping, authoritative examination of the last four decades of the American economic experience.”—The Huffington Post “Some fine work has been done in explaining the mess we’re in. . . . But no book goes to the headwaters with the precision, detail and accessibility of Smith.”—The Seattle Times “Sweeping in scope . . . [Smith] posits some steps that could alleviate the problems of the United States.”—USA Today “Brilliant . . . [a] remarkably comprehensive and coherent analysis of and prescriptions for America’s contemporary economic malaise.”—Kirkus Reviews (starred review) “Smith enlivens his narrative with portraits of the people caught up in events, humanizing complex subjects often rendered sterile in economic analysis. . . . The human face of the story is inseparable from the history.”—Reuters
Author: David Bach
Publisher: Currency
ISBN: 0767921216
Category : Business & Economics
Languages : en
Pages : 275
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Book Description
David Bach’s Simple System for Building Wealth Through Homeownership Will Help You Finish Rich in Any Market—Automatically Updated with a new chapter of success stories Owning a home has always been the American Dream, and in The Automatic Millionaire Homeowner, David Bach shows that buying a home and investment properties is not only possible, it is still the surest way to reach your seven-figure dreams on an ordinary income. Whether you are a renter or already own a home, Bach’s book offers a lifelong strategy for real estate based on timeless wisdom that is tried and true—in any market. He includes everything you need to know, with step-by-step instructions, including phone numbers and web sites, so you can get started right away. As long as you’re alive, you have to live somewhere. Why not let where you live make you financially secure and ultimately rich? David Bach will show you how.
Author: Brian J. McCabe
Publisher: Oxford University Press
ISBN: 0190270462
Category : Business & Economics
Languages : en
Pages : 234
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Book Description
In No Place Like Home, Brian McCabe challenges the ideology of homeownership as a tool for building stronger communities and crafting better citizens. McCabe argues that homeowners often engage in their communities as a way to protect their property values, and this participation leads to the politics of exclusion.
Author: United States. Department of Housing and Urban Development
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 120
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Book Description
Author: Ta-Nehisi Coates
Publisher: One World
ISBN: 0679645985
Category : Biography & Autobiography
Languages : en
Pages : 163
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Book Description
#1 NEW YORK TIMES BESTSELLER • NATIONAL BOOK AWARD WINNER • NAMED ONE OF TIME’S TEN BEST NONFICTION BOOKS OF THE DECADE • PULITZER PRIZE FINALIST • NATIONAL BOOK CRITICS CIRCLE AWARD FINALIST • ONE OF OPRAH’S “BOOKS THAT HELP ME THROUGH” • NOW AN HBO ORIGINAL SPECIAL EVENT Hailed by Toni Morrison as “required reading,” a bold and personal literary exploration of America’s racial history by “the most important essayist in a generation and a writer who changed the national political conversation about race” (Rolling Stone) NAMED ONE OF THE MOST INFLUENTIAL BOOKS OF THE DECADE BY CNN • NAMED ONE OF PASTE’S BEST MEMOIRS OF THE DECADE • NAMED ONE OF THE TEN BEST BOOKS OF THE YEAR BY The New York Times Book Review • O: The Oprah Magazine • The Washington Post • People • Entertainment Weekly • Vogue • Los Angeles Times • San Francisco Chronicle • Chicago Tribune • New York • Newsday • Library Journal • Publishers Weekly In a profound work that pivots from the biggest questions about American history and ideals to the most intimate concerns of a father for his son, Ta-Nehisi Coates offers a powerful new framework for understanding our nation’s history and current crisis. Americans have built an empire on the idea of “race,” a falsehood that damages us all but falls most heavily on the bodies of black women and men—bodies exploited through slavery and segregation, and, today, threatened, locked up, and murdered out of all proportion. What is it like to inhabit a black body and find a way to live within it? And how can we all honestly reckon with this fraught history and free ourselves from its burden? Between the World and Me is Ta-Nehisi Coates’s attempt to answer these questions in a letter to his adolescent son. Coates shares with his son—and readers—the story of his awakening to the truth about his place in the world through a series of revelatory experiences, from Howard University to Civil War battlefields, from the South Side of Chicago to Paris, from his childhood home to the living rooms of mothers whose children’s lives were taken as American plunder. Beautifully woven from personal narrative, reimagined history, and fresh, emotionally charged reportage, Between the World and Me clearly illuminates the past, bracingly confronts our present, and offers a transcendent vision for a way forward.
Author: Randal O'Toole
Publisher: Cato Institute
ISBN: 1937184897
Category : Political Science
Languages : en
Pages : 340
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Book Description
The American Dream turned into a nightmare when the housing bubble burst, and people have been trying to figure out who to blame- Greedy bankers? Corrupt politicians? Ignorant homeowners? In American Nightmare: How Government Undermines the Dream of Homeownership, Randal O'Toole explores the forces at play in the housing market and shows how we can rebuild the American dream of homeownership by eliminating federal, state, and local policies that distort the free market for housing.
Author: Sonia L. Booker
Publisher:
ISBN: 9780974068336
Category : Real estate investment
Languages : en
Pages : 183
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Book Description
