home ownership
Noun
Meaning
the ownership of a home, (or collectively) homes.
the situation of owning one's home.
Source: en.wiktionary.orgExamples
I was aware that the loosening of mortgage credit terms for subprime borrowers increased financial risk. But I believed then, as now, that the benefits of broadened home ownership are worth the risk.
As you know, in this country Anglo-Americans are about 75 to 76 percent home ownership in this country, where Hispanics, African Americans are less than 50 percent.
Home ownership was the fig leaf for the rise in subprime lending. But that was really about cash-out refinancings, not buying homes.
Since 1994, unemployment rates are lower. Median household income is higher. A greater percentage of Americans are graduating from college. Home ownership rates are higher. And the violent crime rate has decreased.
These days the American dream of home ownership has turned into a nightmare for millions of families. They wake every day to the reality of a horrible decline in the value of the home that has meant so much to them.
Home ownership is the cornerstone of a strong community.