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The American Dream

After World War Two, suburbia and single-family home ownership exploded onto the scene, setting the stage for the American Dream.  For the seventy-five…

By Anthony J. LoPinto | anthonylopinto | Updated on August 22, 2017

Anthony LoPinto

After World War Two, suburbia and single-family home ownership exploded onto the scene, setting the stage for the American Dream.  For the seventy-five years since then, home ownership has been an American staple, fueled by the IRS code that allows home mortgage interest to be deducted.  Alas, the bubble burst when the Great Recession turned the tide, and now the homeownership rate has hit a 50-year low.  One of the most visible signals of this change was the announcement that Blackstone’s Invitation Homes, and Starwood Waypoint Homes have announced plans to merge.  The mega single-family rental company will own approximately 82,000 homes in 17 markets.

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