From the Wall Street Journal, more compelling evidence that the American mindset continues to shift with respect to home ownership, like we haven’t been talking about that in our classes for the past couple of years.
Look, the bottom line is that the American dream of home ownership has all but disappeared and the collective attitude now is that it’s in their best interests to simply rent. Great news for those of us who want to create significant cash flow by purchasing US Real Estate at up to 70% off and then holding it to rent.
Here’s what the Wall Street Journal had to say:
“A survey released this week of more than 1,000 homeowners nationwide finds that the old expression “safe as houses” needs an update. Fully 37% of homeowners say they regard buying a home as a “risky investment,” while a total of 86% believe that home prices in their area will either stagnate or fall over the coming year“, and that “potential homebuyers have been so badly traumatized that their psyches have a lot more healing to do before the market can fully recover“.