--- title: "Meaning & Key Takeaway of: We need to remake and reinvent our…" description: "\"We need to remake and reinvent our housing system so that it supports the flexibility and mobility of our economic system broadly. Home-ownership is re..." image: "https://sms4smile.com/quotes/i/e31/richard-florida-20722_american-dream_we-need-to-remake-and-reinvent-our-housi_2318644.jpg" --- # We need to remake and reinvent our housing system so that… ![“We need to remake and reinvent our housing system so that it supports the flexibility and mobility of our economic system broadly. Home-ownership is rewarded by the federal tax code, which made great sense when that piece of the American Dream, and all the consumption that came with it, was…” quote by Richard Florida](https://sms4smile.com/quotes/i/e31/richard-florida-20722_american-dream_we-need-to-remake-and-reinvent-our-housi_2318644.jpg) [Download](https://sms4smile.com/quotes/i/e31/richard-florida-20722_american-dream_we-need-to-remake-and-reinvent-our-housi_2318644.jpg) [Open image](https://sms4smile.com/quotes/i/e31/richard-florida-20722_american-dream_we-need-to-remake-and-reinvent-our-housi_2318644.jpg) > “We need to remake and reinvent our housing system so that it supports the flexibility and mobility of our economic system broadly. Home-ownership is rewarded by the federal tax code, which made great sense when that piece of the American Dream, and all the consumption that came with it, was essential to rebuilding the economy. These days, however, it feels like a huge penalty to people who want to travel light within the new mobile economy without a mortgage to hold them back.” [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Current housing policies favor ownership, hindering mobility needed for a modern, flexible economy; reform is required to align with a mobile workforce. **In simple terms:** Home ownership rules limit modern economic mobility; reform needed. Key Takeaway Advocate for flexible, mobile-friendly housing policies. Themes housing economy mobility policy urban planning Mood analytical concerned Type policy urban planning When to use this quote - career relocation - remote work - gig economy - urban development Key Concepts economics public policy urban studies Questions to Reflect On - How can policies support both stability and mobility? - What models enable flexible housing? A Different Perspective Changing tax incentives may face political resistance. ★ ★ ★ ★ ★ No ratings yet [American dream](https://sms4smile.com/quotes/about/american-dream/) [Code](https://sms4smile.com/quotes/about/code/) [Dream](https://sms4smile.com/quotes/about/dream/) [Dreams](https://sms4smile.com/quotes/about/dreams/) [Economic system](https://sms4smile.com/quotes/about/economic-system/) [Economy](https://sms4smile.com/quotes/about/economy/) [Flexibility](https://sms4smile.com/quotes/about/flexibility/) [Home ownership](https://sms4smile.com/quotes/about/home-ownership/) [People](https://sms4smile.com/quotes/about/people/) [Programming](https://sms4smile.com/quotes/about/programming/) [Support](https://sms4smile.com/quotes/about/support/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Travel light](https://sms4smile.com/quotes/about/travel-light/) ## Related quotes > [We provide our citizens upward mobility through economic opportunity.](https://sms4smile.com/quotes/justin-trudeau/we-provide-our-citizens-upward-mobility-through-economic-opportunity/) [Justin Trudeau](https://sms4smile.com/quotes/author/justin-trudeau/) > [COVID relief means not only addressing the health impacts of this pandemic, but also rebuilding our economy.](https://sms4smile.com/quotes/alex-padilla/covid-relief-means-not-only-addressing-the-health-impacts-of-this/) [Alex Padilla](https://sms4smile.com/quotes/author/alex-padilla/) > [You could establish along the zones of the coast of the Caribbean in Honduras gorgeous resorts zones. If we could help them do that,…](https://sms4smile.com/quotes/ron-johnson/you-could-establish-along-the-zones-of-the-coast-of-the-caribbean-in/) [Ron Johnson](https://sms4smile.com/quotes/author/ron-johnson/) > [I think we'll start defining wealth and success differently and develop new approaches to consumption. Things that have always signified wealth and security -…](https://sms4smile.com/quotes/richard-florida/i-think-we-ll-start-defining-wealth-and-success-differently-and/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [It's easy to underestimate the real cost of home ownership.](https://sms4smile.com/quotes/suze-orman/it-s-easy-to-underestimate-the-real-cost-of-home-ownership/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [I'm fascinated how owning something, especially something as big as a home, can affect your political leanings. Home ownership spawns thoughts of equity and…](https://sms4smile.com/quotes/kirby-wright/i-m-fascinated-how-owning-something-especially-something-as-big-as-a/) [Kirby Wright](https://sms4smile.com/quotes/author/kirby-wright/) > [As you know, in this country Anglo-Americans are about 75 to 76 percent home ownership in this country, where Hispanics, African Americans are less than 50 percent.](https://sms4smile.com/quotes/alphonso-jackson/as-you-know-in-this-country-anglo-americans-are-about-75-to-76/) [Alphonso Jackson](https://sms4smile.com/quotes/author/alphonso-jackson/) > [“Home ownership is equated with the American dream—but what do we do? What we are encouraged to do by family, friends, banks, and politicians?…](https://sms4smile.com/quotes/conrad-cooper/home-ownership-is-equated-with-the-american-dream-but-what-do-we-do/) Conrad Cooper > [Why the Tories are happy to subsidise home ownership for middle class graduates and affluent social tenants, but not for widows on low incomes,…](https://sms4smile.com/quotes/emily-thornberry/why-the-tories-are-happy-to-subsidise-home-ownership-for-middle-class/) [Emily Thornberry](https://sms4smile.com/quotes/author/emily-thornberry/) > [We need to intentionally invest in health, in home ownership, in entrepreneurship, in access to democracy, in economic empowerment. If we don't do these…](https://sms4smile.com/quotes/pete-buttigieg/we-need-to-intentionally-invest-in-health-in-home-ownership-in/) [Pete Buttigieg](https://sms4smile.com/quotes/author/pete-buttigieg/) > [If home ownership is the American dream, then foreclosure certainly is the American nightmare. It destroys more than credit. It destroys lives. And its…](https://sms4smile.com/quotes/lisa-madigan/if-home-ownership-is-the-american-dream-then-foreclosure-certainly-is/) [Lisa Madigan](https://sms4smile.com/quotes/author/lisa-madigan/) > [We all want a simpler code, but tax reform is about much more. It is about ensuring that everyone pays their fair share. The…](https://sms4smile.com/quotes/charles-b-rangel/we-all-want-a-simpler-code-but-tax-reform-is-about-much-more-it-is/) [Charles B. Rangel](https://sms4smile.com/quotes/author/charles-b-rangel/) > [By laying the groundwork for a system centered on home ownership rather than the public housing popular in Europe, the New Deal made possible…](https://sms4smile.com/quotes/jonathan-alter/by-laying-the-groundwork-for-a-system-centered-on-home-ownership/) [Jonathan Alter](https://sms4smile.com/quotes/author/jonathan-alter/) > [The most critical factor subduing the demand for housing is that home ownership is no longer seen as the great, long-term buildup in equity…](https://sms4smile.com/quotes/mortimer-zuckerman/the-most-critical-factor-subduing-the-demand-for-housing-is-that-home/) [Mortimer Zuckerman](https://sms4smile.com/quotes/author/mortimer-zuckerman/) > [If God had wanted us to spend all our time fretting about the problems of home ownership, He would never have created beer. This…](https://sms4smile.com/quotes/dave-barry/if-god-had-wanted-us-to-spend-all-our-time-fretting-about-the/) [Dave Barry](https://sms4smile.com/quotes/author/dave-barry/) ## More by Richard Florida > [“If you are a scientist or engineer, an architect or designer, a writer, artist, or musician, or if your creativity is a key factor…](https://sms4smile.com/quotes/richard-florida/if-you-are-a-scientist-or-engineer-an-architect-or-designer-a-writer/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [“Music, in fact, plays a central role in the creation of identity and the formation of real communities. Musical memories are some of the…](https://sms4smile.com/quotes/richard-florida/music-in-fact-plays-a-central-role-in-the-creation-of-identity-and/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [Housing has always been a key to Great Resets. During the Great Depression and New Deal, the federal government created a new system of…](https://sms4smile.com/quotes/richard-florida/housing-has-always-been-a-key-to-great-resets-during-the-great/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [“As the economy has become more specialized and the occupational division of labor has deepened, the Creative Class has increasingly outsourced functions that were…](https://sms4smile.com/quotes/richard-florida/as-the-economy-has-become-more-specialized-and-the-occupational/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [Human creativity is the ultimate economic resource.](https://sms4smile.com/quotes/richard-florida/human-creativity-is-the-ultimate-economic-resource/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [We have to acknowledge that we can't look to manufacturing or natural resources to drive growth like we have in the past. 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He—or she—is the new mainstream.](https://sms4smile.com/quotes/richard-florida/the-creative-individual-is-no-longer-viewed-as-an-iconoclast-he-or/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [Over time, this growing tendency of like marrying like will only reinforce clustering and geographic sorting along class lines, giving the emerging map of…](https://sms4smile.com/quotes/richard-florida/over-time-this-growing-tendency-of-like-marrying-like-will-only/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [Builders need to take their preeminent position back from the traders for the economy of the future to flourish.](https://sms4smile.com/quotes/richard-florida/builders-need-to-take-their-preeminent-position-back-from-the-traders/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [Denser cities are smarter and more productive](https://sms4smile.com/quotes/richard-florida/denser-cities-are-smarter-and-more-productive/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [Beneath the surface, unnoticed by many, an even deeper force was at work—the rise of creativity as a fundamental economic driver, and the rise…](https://sms4smile.com/quotes/richard-florida/beneath-the-surface-unnoticed-by-many-an-even-deeper-force-was-at/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [Toronto won't topple New York or London as a financial center, nor will it dethrone Los Angeles as the international entertainment capital, but with…](https://sms4smile.com/quotes/richard-florida/toronto-won-t-topple-new-york-or-london-as-a-financial-center-nor/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [Access to talented and creative people is to modern business what access to coal and iron ore was to steel-making.](https://sms4smile.com/quotes/richard-florida/access-to-talented-and-creative-people-is-to-modern-business-what/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) > [New Jersey boasts the highest percentage of passport holders (68%); Delaware (67%), Alaska (65%), Massachusetts (63%), New York (62%), and California (60%) are close…](https://sms4smile.com/quotes/richard-florida/new-jersey-boasts-the-highest-percentage-of-passport-holders-68/) [Richard Florida](https://sms4smile.com/quotes/author/richard-florida/) [Explore all 30 Richard Florida quotes ](https://sms4smile.com/quotes/author/richard-florida/) ## More American dream quotes > [I understand that it's the music that keeps me alive... That's my lifeblood. 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I think I have come really far from that, and I did it on my…](https://sms4smile.com/quotes/aj-lee/i-want-people-to-know-where-i-come-from-i-think-i-have-come-really/) [AJ Lee](https://sms4smile.com/quotes/author/aj-lee/) > [We need to remain a nation that doesn't just welcome but that celebrates legal immigrants who come here seeking to pursue the American Dream.](https://sms4smile.com/quotes/ted-cruz/we-need-to-remain-a-nation-that-doesn-t-just-welcome-but-that/) [Ted Cruz](https://sms4smile.com/quotes/author/ted-cruz/) > [By disgracing and degrading the presidency of the United States, by fleeing the White House like a diseased cur, Richard Nixon broke the heart…](https://sms4smile.com/quotes/hunter-s-thompson/by-disgracing-and-degrading-the-presidency-of-the-united-states-by/) [Hunter S. Thompson](https://sms4smile.com/quotes/author/hunter-s-thompson/) > [So many Korean Americans like me came to this country with the hope of achieving their own American Dream.](https://sms4smile.com/quotes/michelle-steel/so-many-korean-americans-like-me-came-to-this-country-with-the-hope/) [Michelle Steel](https://sms4smile.com/quotes/author/michelle-steel/) > [“Let's make no mistake about this: The American Dream starts with the neighborhoods. If we wish to rebuild our cities, we must first rebuild…](https://sms4smile.com/quotes/harvey-milk/let-s-make-no-mistake-about-this-the-american-dream-starts-with-the/) [Harvey Milk](https://sms4smile.com/quotes/author/harvey-milk/) > [As a kid, I learned from my parents, teachers, coaches, and friends that what mattered most was Truth - to uncover it, share it…](https://sms4smile.com/quotes/shiva-ayyadurai/as-a-kid-i-learned-from-my-parents-teachers-coaches-and-friends-that/) [Shiva Ayyadurai](https://sms4smile.com/quotes/author/shiva-ayyadurai/) > [Theres a zoom up in the TV screen Living cancer to our self-esteem yea Cause if this an airless beauty queen But everything aint…](https://sms4smile.com/quotes/valentinooo-c/theres-a-zoom-up-in-the-tv-screen-living-cancer-to-our-self-esteem/) Valentinooo\_c > [College is part of the American dream. It shouldnt be part of a financial nightmare for families](https://sms4smile.com/quotes/barbara-mikulski/college-is-part-of-the-american-dream-it-shouldnt-be-part-of-a/) [Barbara Mikulski](https://sms4smile.com/quotes/author/barbara-mikulski/) > [“New Rule: Americans must realize what makes NFL football so great: socialism. That's right, the NFL takes money from the rich teams and gives…](https://sms4smile.com/quotes/bill-maher/new-rule-americans-must-realize-what-makes-nfl-football-so-great/) [Bill Maher](https://sms4smile.com/quotes/author/bill-maher/) > [I believe it from the bottom of my heart, and your sons and daughters, too, can have the American dream come true.](https://sms4smile.com/quotes/abraham-a-ribicoff/i-believe-it-from-the-bottom-of-my-heart-and-your-sons-and-daughters/) [Abraham A. Ribicoff](https://sms4smile.com/quotes/author/abraham-a-ribicoff/) > [I dare to imagine a country where every child I hold in my hands, are all God's children, regardless of the color of their…](https://sms4smile.com/quotes/paul-wellstone/i-dare-to-imagine-a-country-where-every-child-i-hold-in-my-hands-are/) [Paul Wellstone](https://sms4smile.com/quotes/author/paul-wellstone/) [Browse all 1,001 American dream quotes ](https://sms4smile.com/quotes/about/american-dream/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "We need to remake and reinvent our housing system so that it supports the flexibility and mobility of our economic system broadly. Home-ownership is rewarded by the federal tax code, which made great sense when that piece of the American Dream, and all the consumption that came with it, was essential to rebuilding the economy. 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