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agsr

one of the key elements of American Dream is homeownership. Given the rocket high real estate prices, and trend towards shared economy, and more global travel - do we think that American dream of homeownership needs to be redefined?

agsr

I actually think that home ownership shoud continue to be a cornerstone of the american dream as will strengthen our middle class.

MayCaesar

With the abundance of mortgage options, I would sat that buying a home in the US nowadays is easier than ever - albeit the maintenance costs are higher than ever. I know quite a few PhD students that have already bought decent houses and are quite a way through the mortgage. They definitely pay less mortgage monthly, than I pay rent monthly, so, while not cheap, it is cheaper than many alternatives.

I would definitely buy a cheap house in the nearest future, if only I knew my plans. I do not know if I will stay in this state for good, or even in this country, for that matter. I really like Florida, and its real estate prices are pretty low for a number of reasons, so this is definitely something I am considering.