homeownership

[hohm-ohn-er-ship]

noun

1. the state or fact of owning a house, especially the house one lives in.

Example Sentences

The company failed to include the full amount of the property taxes that it knew would come due, Wagner said, and therefore “preyed on people’s faith in the American dream of homeownership to lure them into unaffordable, deceptive deals.”

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But she didn’t feel the loans’ full toll until she and her husband had a child and took on the costs of daycare and homeownership.

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With the prospect of homeownership slipping out of reach for most Americans, who are struggling to afford their basic needs, the search for a home, even a rental, now comes with more stressors.

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High home prices and forbidding mortgage rates have made homeownership a distant dream for many young Americans.

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Homeownership is as out of reach as it has ever been for people who are in their 20s and 30s and, increasingly, in their 40s and 50s.

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