Americans living in cities are more likely than their suburban counterparts to rent their residence. Still, the country has continued to become urbanized and for.... Americans living in cities are more likely than their suburban counterparts to rent their residence. Still, the country has continued to become urbanized and for a long time the percentage of those who own their homes has risen. More recently its begun to fall and there is significant talk on the federal level of subsidizing rental housing instead of homeownership (let's face it, most all private housing is in some way subsidized). I'd like to get some feedback, is homeownership still a staple of what it means to secure the "American Dream" or is rental now seen as a viable and practical option? What is sacrificed? What is gained?