Home Ownership


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Home Ownership

The state of owning one's primary residence. Homeownership gives the owner a stake in his/her neighborhood or town's long-term stability, and is a significant investment. The U.S. federal government thus attempts to encourage homeownership by allowing owners to deduct the interest on their mortgages from their taxable income.
References in periodicals archive ?
Hispanics cited rising rents (47 percent) and wanting to build equity as top motivators for home ownership (40 percent).
The IFS said that over the past 20 years the rate of home ownership among 25-year-olds had halved.
The Newman Government is delivering on its election commitment to remove the barriers that prevent sustainable home ownership opportunities for Indigenous communities, Mr Cripps said.
I have become convinced that that by boosting home ownership we have ruined our labour market," said Oswald.
Huge deposits, combined with high house prices and strict lending criteria, have sent home ownership into decline, the Federation said.
Aware of the housing crisis and huge pressure on first time buyers, the UK Government has been driving forward major plans for affordable home ownership via first-time buyer initiatives to provide much-needed financial assistance to help both families and individuals onto the housing ladder.
Riverside Home Ownership is part of The Riverside Group, one of the UK's leading social housing and regeneration organisations which owns or manages around 50,000 homes throughout England.
The national average of home ownership currently stands at 65 per cent, figures showed, but in London this drops to just 61 per cent.
To promote home ownership and in recognition of the difficulties of ascertaining a home's tax basis, Congress has traditionally offered homeowners numerous tax benefits.
Although home ownership features prominently in the lives of many ordinary people, providing equity, wealth and status, its significance for scholarly inquiry into social inequality has not been adequately researched.
They conclude that 'the aggregate trends of declining rates of home ownership reflect a deferral of home ownership, rather than a reduction in the lifetime achievement of home ownership'.
Tonight, she is planning to board a red-eye at Los Angeles International Airport and say so long to the overvalued West Coast, bound for her roots - and her first taste of home ownership - in North Carolina.