Homeownership has long been a critical component of the American Dream. But under Bidenomics, owning a home is beyond the reach of many Americans due to the rising cost of owning and maintaining a home, according to the latest report by The Wall Street Journal.
Buying a home is more than having a roof over one’s head. Homeownership is the primary driver that has helped generations of Americans build wealth. A home is an appreciable asset, and its value usually increases substantially over a long period of time. Naturally, the primary residence represents the most significant asset among American households. According to the Census Bureau, homeowners’ median net worth is 80 times larger than renters’ median net worth.
However, owning a home has become very
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