The American Dream: Recovery

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The American Dream. We all have been taught whether through the formal guidance of parenting or the parameters submitted to us through our favorite television shows that to buy a home, raise our families and work hard to preserve these liberties are all a part of the "American Dream" that we should strive for. Unfortunately the economic downturn near 2008 compromised this dream for many. Many people lost their jobs, much of their savings and investments and their homes that they have worked so hard for as well. For many hard working proud Americans this felt like the end. Today in 2014 we see brighter lights. Recovery is being more visible with the housing market showing more promise and many new businesses creating opportunities for employment. In this essay I will discuss ways that those proud Americans who may have lost their homes and had their credit history suffer behind that loss, can take advantage of the fruits that are being harvested today. Some of the ideas I will cover will be, "Renting to Own"; leasing retail property with residential space (not the traditional mortgage for a home) and the possibilities of …show more content…

Mostly because it gives the renter a "second chance" so to speak. Most "Rent to Own" opportunities you will find will have the criteria that will welcome someone with “blemished” credit. It also gives the buyer a chance to commit themselves in to a specific purchase price should the housing market make any sudden changes. "Rent to Own” is also a favorite amongst sellers as well because it opens them up to a new pool of prospective buyers. These potential buyers are more likely to care for the property much more vigorously because they could very well own it one day. The "Rent to Own" option produces so many great possibilities for both buyer and seller that it is very much worthy of exploration on both

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