Scholarly Articles and Other Contributions
 

Document Type

Article

Publication Date

1978

Abstract

Home ownership has long been a prime element of the American dream. Following the recent recession, there is currently a nationwide boom in the construction and sale of single-family housing units. However, it has been reported that a significant number of prospective first-home buyers are unable to buy because housing prices are rising faster than incomes. Some families have been able to buy homes only by changing their living patterns significantly. While it may be questioned whether the current financial squeeze on home buyers is worse today than in the past, it appears to be severe enough5 to make exploration of ownership alternatives appropriate.

This essay suggests that the long-term lease be utilized to bring many of the amenities of living in a detached, single-family dwelling within reach of persons who presently find the purchase of such a home prohibitive.

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.