Why America Should Be a Nation of Renters : vimarsana.com

Why America Should Be a Nation of Renters


Renting Is Terrible. Owning Is Worse.
Shane Phillips
America conceives of itself as an “ownership society.” Nearly two-thirds of U.S. households own their home, and the idea of renting is inseparable from ownership in the U.S. context. Renting is given meaning by its relationship to ownership—it’s how you live if you can’t afford, or aren’t yet ready, to own. America treats renting as it has treated the minimum wage for the past several decades: unworthy of serious concern, just a phase in young people’s lives, and a long-term outcome only for those unwilling to pull themselves up by their bootstraps. This perspective is a big part of why renters enjoy so few protections, and why the U.S. showers roughly $150 billion on homeowners each year but only a fraction of that on renters, despite renters having about half the median household income of owners.

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