Since the founding of America in 1776 when the colonists declared their independence from Great Britain, the idea of the “American Dream” has come under serious debate. It’s been altered and revised by each epoch of American innovation and individualism, which ultimately has slowly shaped the citizens that now inhabit the USA. Whether or not a human being inside the USA has held a home has not always entirely fit the narrative of the American Dream, but whether or not they had the opportunity to do so. Therefore, it is in my opinion that while owning and living in a home and being well-off in today’s capitalist society is very ideal, it’s having the opportunity to be able to gain that house that is the American Dream. Owning a home has become
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The house-market is indeed a huge risk, but a risk that can have a serious payday if managed correctly. With the national house average costing $222,241, this never took into account the initial value of the sold houses, as it can also have homes that had been sold from house equity. While mortgage payments are a pain on the homeowner, these payments also build equity in their favor. With more equity comes a bigger share of the house, and if the house market appreciates at a higher rate than it previously did, then in at least five-years the house will have enough value to sell for a profit. Again, this involves a high risk that has a high yield to it, but uncertainty is a concept that most people tend to shy away from unless there is a proper incentive to it, which I believe a house can offer over an …show more content…
There are many potential benefits and drawbacks that can go into owning a house, but it really depends on the choices and decisions made by the individuals that are willing to participate in the practice. For the future of houses, I would assume with the growing number of apartments in the US, there will continue to be a sprawl in moving inside of apartments. There are no current incentives that outweigh the cons for most millennials that are only trying to make it by in our economy through the bare
The house-market is indeed a huge risk, but a risk that can have a serious payday if managed correctly. With the national house average costing $222,241, this never took into account the initial value of the sold houses, as it can also have homes that had been sold from house equity. While mortgage payments are a pain on the homeowner, these payments also build equity in their favor. With more equity comes a bigger share of the house, and if the house market appreciates at a higher rate than it previously did, then in at least five-years the house will have enough value to sell for a profit. Again, this involves a high risk that has a high yield to it, but uncertainty is a concept that most people tend to shy away from unless there is a proper incentive to it, which I believe a house can offer over an …show more content…
There are many potential benefits and drawbacks that can go into owning a house, but it really depends on the choices and decisions made by the individuals that are willing to participate in the practice. For the future of houses, I would assume with the growing number of apartments in the US, there will continue to be a sprawl in moving inside of apartments. There are no current incentives that outweigh the cons for most millennials that are only trying to make it by in our economy through the bare