For decades, it was taken as a given that an increased homeownership rate was a desirable goal. In May 1995, President Bill Clinton released the National Homeownership Strategy (US Department of Housing and Urban Development 1995), an 87-page, 100-point plan with the goal that it would “boost homeownership in America to an all-time high by the end of the century.” President George W. Bush framed homeownership as a way to reduce racial inequality, and in 2003 signed the American Dream Down payment Initiative to assist first-time homebuyers with obtaining a down payment (Bush 2003). But after the financial crises and Great Recession, in which roughly eight million homes were foreclosed on and about $7 trillion in home equity was erased, economists and policymakers are re-evaluating the role of homeownership in the American Dream. Many questions whether the American Dream should really include homeownership or instead focus more on other aspects of upward mobility, and most acknowledge that homeownership is not for everyone.