Salt Lake City, Utah get high marks for homeownership, studies note

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  • amartel1975 Las Vegas, NV
    June 17, 2019 2:04 p.m.

    Hey 2bits. Don't grouse about it. Just go out and buy some more houses. Everybody has to live somewhere and if they don't want a mortgage or don't have the discipline to save up for a down payment for a home, I more than happy to have renters pay my mortgages down to zero.

  • 2 bits Cottonwood Heights, UT
    June 17, 2019 8:13 a.m.

    Home ownership is a nostalgic thing from our father's generation to most young people today.

    It was something every person strived for just a generation ago. But not so much this generation. They are OK with renting a living space from someone, or living in their parent's basement if they can't afford that. It's different today. It's not so much a priority today (home Ownership).

    It used to be a central part of the "American Dream". But that has shifted today.

    Today the "American Dream" seems to center more around having the latest iPhone, a laptop, and a big TV, the latest gaming system (and the internet and cable-TV of course).

    The American Dream is different than it used to be. I don't know if for the better, or the worse, but different.

    I think home ownership is a good thing (but then I'm an old-timer). It's the only way I know of the get out of debt and not have that monthly obligation (rent) hanging over your head for your whole life, even your retirement years (when you have almost no income).

    Renting seems good when you're young. But not so much when you're old and don't have a regular paycheck coming in.