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At the time she was working as a senior economist at Freddie Mac, earning a handsome wage and financially independent. But even so, she needed help to close the deal. I would have been unable to qualify for a conventional loan and both the interest rate and payments would have been substantially higher and prohibitive. The American Dream is an idea that is as old as America itself, but the promise of upward mobility unencumbered by constraints of class or status has never been entirely sincere. Freedom to settle the American frontier necessarily meant the forcible relocation of Native peoples; the freedom to acquire wealth for hundreds of years included the freedom to own other people. The American Dream has evolved just as America has evolved, but today, homeownership has emerged as the primary public policy tool for helping Americans achieve wealth and self-reliance. This is a statistical way of saying that buying a home is the main way Americans obtain real, tangible wealth. Louis, who served as federal housing commissioner at the Department of Housing and Urban Development from to Dream In The American Dream

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The Public Policy Institute of California tells us that its recent online survey of 2, California residents, taken between Nov. There are even websites. Another website, leavingthebayarea.

The exodus from the Golden State may be large, but nationally, California ranks fifth among states losing population. The list of major companies moving their headquarters out of California in recent months includes:.

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Apple and Dropbox are still headquartered in the San Francisco Bay Area, but both are expanding their workforces elsewhere. California used to be the place you went Dream In The American Dream. Lapsley is also critical of Gov. The go-go growth era may be ending in California, but the state seems to be amassing a higher percentage of the highly educated.

In the minds of some, even with its population growth at a near standstill, increasing numbers of the highly educated could mean the state will increase its reputation as an enclave of the coastal elite. An urban area with highly educated, affluent residents provides more abundant job possibilities for the less educated, he argues, because of an increased demand for restaurant servers or laundry workers. Wunderman agrees.

The California exodus has not always been greeted warmly by officials in the non-California arrival states. Texas Gov. Twitter Facebook Email. Support for Capitol Weekly is Provided by:.]