The housing crisis has changed how Americans view homeownership, according to a survey of public attitudes by Fannie Mae.

The number of people who view homeownership as a safe investment declined from 83 percent in 2003 to 70 percent in 2009. In addition:

• 48 percent of those surveyed said banks should foreclose on people who don’t pay their mortgages.
• 53 percent blamed borrowers – instead of banks – for taking out bigger loans than they could afford.
• 15 percent of respondents said it is acceptable for borrowers who are underwater to walk away.
• It's important to point out that, in this REALTOR's® opinion, a home you live in should not be considered an investment in the traditional sense.  A hedge, against higher interest rates and rent costs.  But most people think of investments as liquid and a home is definitely not a liquid asset. 
• If you're curious about homes for sale in Houston, especially the more popular neighborhoods of Montrose, Midtown, River Oaks and Heights (where you can find both affordable and luxury homes) be sure to follow the links. Remember, contact your real estate professional before making any big home buying or selling decisions. --Joshua La Force, CRS, GRI, REALTOR®

Source: Washington Post, Renae Merle (04/2010)