Thursday, April 22, 2010

American Dream Less Achievable

Many African-Americans see owning a home as the way to live the "American Dream." A majority of them, however, feel that the dream is currently impossible. This is according to a Fannie Mae study.

Blackamericaweb.com reports that 19% of African-Americans surveyed who are currently renting a home will need to postpone buying one due to the economy. 73% of African-Americans surveyed said they feel that it is harder for an African-American to get a loan than the rest of the population. 61% feel that their children will have a harder time buying a home.

Housing shouldn't be bought and sold, it should be a guaranteed right for all people to access without complication and debt. Only socialism guarantees this.

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