The New American Dream: How to Handle Homeownership Problems in a Changing Economy.
Reading
The Petersen family in California wants a bigger home but can't afford to buy one. They need more space for their kids and all their toys but home prices are very high.
Even if they spent most of their money on housing, they still couldn't afford a house in their area. Moving to a cheaper place isn't an option because they want to be close to family.
Lots of people in America are having the same problem because houses cost a lot of money. People are waiting longer to buy their first home because they can't afford it when they are younger.
Some people are choosing to rent instead of buying because it's too expensive to buy a house. This means they might not have a house to help them build wealth like people did in the past.
Some people are wondering if owning a home is still important since it's so difficult. Maybe renting is a better choice for some people because it gives them more freedom to move and live in different places.
Questions
Why does the Petersen family want a bigger home?
They need more space for their kids and all their toys.
What are many people in America doing because houses are too expensive?
Many people are choosing to rent instead of buying a house.
What are some people wondering about owning a home?
Some people are wondering if owning a home is still important since it's so difficult.
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