The American Dream Of Buying A Home

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Certainly changes are taking place with the “American Dream,” but that doesn’t mean that it’s coming to an end. However, this might just be the end for home sales for this generation. It is widely known that most Millennials are living on or renting near the campus that they attend school at or are living in their parents’ home while working. All of the popular news outlets (such as NY Times and Forbes) and rich entrepreneurs and finance gurus (Grant Cardone, Tony Robbins) downplay buying houses as bad investments. So chances are that the dream of one day owning a home is no longer alive and well among Millennials.
To begin with, there are many pros and cons to be weighed by us Millennials when it comes to homeownership. At first glance, it …show more content…

In like manner, there are some factors out there that can increase or decrease the chances of us buying a home. What can slow us in the decision-making process could be the desire to have a career that travels. Also, some of us live in neglected areas, so there may not even be any houses that are livable, let alone buyable. Most significantly, plenty of us Millennials are low-income and can only rent a cheap and barely-inhabitable shack. Again, that student loan debt would be the major factor in decreasing our chances of purchasing.
On the flip side, what can increase the likelihood of buying a home are the birth of children or other increases in family size (friends and/or family moving in). A person would buy a home if they are looking to get married and wanting to sow some seeds of some stability in their life. That is especially if they have an advanced degree and job security which are both important factors of the American dream. One last boosting factor is from the expectations of others. A millenial could have parents who constantly push them to buy and may even help with the purchase by being a …show more content…

Buy a house
3. Get married
These instructions were drilled into my mind by my dad, who dropped out of college before finishing the first semester, and who lived in one of those barely-habitable shacks that I mentioned earlier. Because of the fact that I did not have an example to lead me through (no one, and I mean not a single member of my family owns a house), I decided to become a rebel. As soon as I was handed that high school diploma, I got married and moved far away from that poor, neglected area of Southern New Jersey. As a foreclosure company, you may know a lot about New Jersey’s housing market and how expensive it is to live there.
After I got married, I sporadically pursued my education between working full-time jobs, switching majors numerous times, and moving around with my spouse who is active duty Army. I have recently taken a firmer grip on my education by attending school full-time instead of working, and obtaining my degree fully online so that no matter where else the military sends us, I can still make progress. I now have my heart fully set on social work, and I’m currently volunteering on the military base to get first hand experience working with military families and their children, which is an area of work that I wouldn’t mind getting into when my degree is

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