It's often said that in America, we all have the dream of home ownership. Yet no one ever quotes any study on whether this is really the best for most or just what we have all come to believe we need to do. If you search, you will find studies that point out that the only real reason for owning a home is pride of ownership.
After all, renting is a better option for economic growth for anyone who can save. Nor is home ownership in a city something we as a nation have done since our country came about.
Before rushing out to get a good buy on one of the foreclosures that is available, take time to figure out where we as a country are going and what that means for you for home ownership.