When I was in high school, a teacher once asked my class to use a word or term to describe the United States. A classmate of mine said it was “a meritocracy.” The teacher, who wasn’t the sharpest knife in the drawer, wrote “Ameritocracy” on the chalkboard.
It was pretty funny — because words are hard — but it gets to a larger issue, albeit purely by chance. For most people, the US is so closely synonymous to meritocracy that they might as well be the same word. America is the land of opportunity; the American Dream claims that if you work hard and play by the rules, you can succeed and make a better life for your children.
One of the key vehicles by which to achieve the American Dream is home ownership. It’s the way most people set down roots and accumulate wealth. But what happens if the system we have developed to promote the vehicle (home ownership) undermines the goal itself?
Read the rest at Belt Magazine.