real estate

Why is the U.S. obsessed with home ownership?

If you’ve lived in the U.S. for any length of time, you realize that we have a national obsession with home ownership. Yet I’m beginning to wonder about this bit of American orthodoxy. I’ve owned 4 homes and none of them seemed like much of an investment to me. The last home that we sold was an enormous loss. We are now in a transition, anticipating our new move; so we are house-free (and debt-free!