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The Majority of Americans Still View Homeownership as the American Dream

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Buying a home is a powerful decision, and it remains a key part of the American Dream. In fact, the   2022 Consumer Insights Report  from   Mynd   found the majority of people polled still view homeownership as a key life achievement. Let's explore just a few of the reasons why so many Americans continue to value homeownership. The Financial Benefits of Owning a Home One possible reason homeownership is viewed so highly is because owning a home is a significant  wealth-building tool , and it provides meaningful  financial stability  over renting by locking in your monthly housing payments for the length of your home loan. An article from  Forbes  explains: Understanding the potential benefits of homeownership helps individuals see the value of owning property instead of renting. . . . household wealth among homeowners is a whopping  1,469% higher on average compared to renters, excluding home equity, making the allure of homeownership even more enticing. Over time, owning a home no