Seven years after the housing crash began, most people remain deeply dour about the state of the nation's housing market.
A new survey out this week from the
And that's translating into a shift of opinion on the role of housing in personal finances, too. Respondents to the survey, which polled 1,355 people by phone in April, were nearly split on whether buying a house still represents an "excellent long-term investment." Half of respondents said it still is a good investment; 43% said that is no longer the case.
Nearly two-thirds said it has become harder to build wealth through homeownership than it was 20 or 30 years ago. Meanwhile, a majority said that renting a home has become more appealing over the last few decades while buying one has become less so.
Indeed, it would appear the traumatic housing market of the last few years may be changing the long-held link between homeownership and the so-called American Dream. Some 58% of respondents -- and 66% of those aged 18 to 34 -- said that renters can be "just as successful" at achieving the American Dream as homeowners can.