Jun 30, 2011
ANOTHER poll shows how important housing is
30 Jun 2011
Posted by Andrew Kantor
We’ll keep saying it and they’ll keep proving it: Americans value home ownership like nothin’ else.
This time its a New York Times/CBS poll, but the result is the same.
Nearly nine in 10 Americans say homeownership is an important part of the American dream, according to the latest New York Times/CBS News poll. And they are keen on making sure it stays that way, for themselves and everyone else.
What does that mean, “keen on making sure it stays that way”? Not only do 45% say the government should be doing more for the housing market (only 16% said it should do less), but get this: 53% were in favor of the government offering direct financial assistance to those having trouble paying their mortgages.
It gets better: “Support for helping people in financial distress over housing is higher than support for helping those without a job for many months.”
It’s good to know what kind of support we have out there. Check this out:
[A]lmost no one favors discontinuing the mortgage tax deduction, a prized middle-class benefit that has been featured on some budget-cutting proposals.
All right, the news isn’t all good:
Whether buyers need to come up with a 20 percent down payment — the standard for decades, but beyond the reach of many families now — is hotly debated. Fifty-eight percent of respondents say lenders should require this, while 36 percent say they should not.
But by and large, the picture is crystal clear: Americans value housing, they value homeownership, and they’re willing to put their tax dollars where their mouths are.