homeownership
Noun
Meaning
homeownership (uncountable)
The state of being a homeowner
Examples
More Americans own their home than ever before. Nearly 70 percent of American's are homeowners. So it is a good time for us to asses the positive impacts of homeownership on families, communities and on the nation's economy.
Although housing sales and starts have cooled to more typical levels, the housing market remains strong and sound. Without the expansion of homeownership and the strength of our housing market, our nation would not have the economic growth we are experiencing today.
The celebration of homeownership seems to be part of a countermovement against popular owning of shares in corporations.
From a social point of view, it's beneficial that homeownership encourages commitment to a given town or city. But, from an economic point of view, it's good for people to be able to leave places where there's less work and move to places where there's more.
Councilman John Gehrig said encouraging new homeownership would expand the tax base and achieve the goals of making Ocean City an affordable, livable year-round community and questioned if the proposals on the table went far enough.
Amenity-loaded apartments appeal to young professionals too busy to take on the chores of homeownership and empty-nesters weary of them.