The American Dream of owning a home on a 30-year mortgage and building up equity over the years...

|By:, SA News Editor

The American Dream of owning a home on a 30-year mortgage and building up equity over the years is dead, Walter Mead writes - and so is an upwardly mobile lifestyle based on permanent debt. "Americans are going to have to save more and consume less, and the returns on home ownership are likely to stay low."