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A New York Times-CBS News poll found that almost 90 percent of Americans thi
A New York Times-CBS News poll found that almost 90 percent of Americans thi
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2024-02-10
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A New York Times-CBS News poll found that almost 90 percent of Americans think that homeownership is an important part of the American dream. But only 7 percent of Americans【S1】______ranked homeownership as their first or second definition of the American dream. Why the【S2】______? Owning real estate is important to some Americans, but not as important—or as【S3】______rewarding—as we’re led to believe.
Federal support of homeownership greatly overvalues its meaning in American life. Through tax breaks and guarantees, the government【S4】______homeownership to its peak in 2004, when 69 percent of American households owned homes. Subsidies for homeownership,【S5】______the mortgage(抵押)interest deduction, reached $ 230 billion in 2009, according to the Congressional Budget Office. Meanwhile, only $ 60 billion in tax breaks and spending programs【S6】______renters.
The result of this real estate spending craze? According to the Federal Reserve, American real estate lost more than $ 6 trillion in【S7】______, or almost 30 percent, between 2006 and 2010. One in five American homeowners is underwater, owing more on a mortgage than what the home is【S8】______.
Those who profit most from homeownership are definitely the largest source of political campaign【S9】______. Insurance companies, securities and investment firms, real estate interests, and commercial banks gave more than $ 100 million to federal candidates and parties in 2011, according to the Center for Responsive Politics.
Homeownership is more important to【S10】______interests than it is to most Americans, who, according to the research, care more about "a good job," "the pursuit of happiness" and "freedom. "
A)aided I)including
B)attributed -J)political
C)benefit K)rapidly
D)boosted L)special
E)contributions M)surveyed
F)difference N)value
G)expected O)worth
H)financially [br] 【S8】
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