Renting And The American Dream Essay - 1500 Words

Owning a property has long been a gateway to the American dream. Individuals have possession of the house if they have enough money to afford the payment on a home, and be willing to purchase it. As the owners, they have the power to make decisions about the property. Other people who rent have limited control and have to depend on the ruling of the owners even though they pay the rent monthly. Advocates of house renting may claim that renting seems to be a better option than buying in the aspect of cost. However, they often overestimate the benefits of renting and lack consideration of the time factor. Instead, many people argue that buying a house is better than renting since it brings tremendous advantages to individuals and the community. In the United States, there are 56% of people own a house, and 25% of non-homeowners are looking to acquire their home in next 25 years, while only 11% of non-homeowners do not hope to own a home in the future (Newport, 2013, p.1). Therefore, pu rchasing a property is the desirable and the best option since it generates financial benefit, build self-confidence for owners, and profits the construction of the community harmony rather than renting a house. Some prefer renting to buying because they believe that the renting might seem to cost less than buying a house. The tenants can possess a stable shelter without a high-cost per month, which provide the benefit to the renters within 10 years (Andriotis, 2014, p.4). Renting aShow MoreRelatedAdvantages of Buying a Home1532 Words   |  7 PagesPurchasing a Home Buying a house for most is the American dream, but with today’s economy many people are unsure if the dream can be obtained. The main concern for most people would be the financial responsibility. Many people believe that the financial responsibility is overwhelming and they are just not ready. 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The American dream, a pursuit that a large number of US citizens seek, require individuals work hard to achieve it. In other words, owing a property has long been a gateway to the American dream. Individuals have possession of the house if they have enough money to afford the payment on a home and be willing to purchase itRead MoreThe Pros And Cons Of Millennials853 Words   |  4 PagesMillennials have been changing the â€Å"norm† of the American Dream for years now and they will continue to challenge the expectations put on them by the previous generations. Millennials are moving out later, getting married later, having children later, and buying homes la ter. It could be for any number of reasons like new career options for women, how hard it is to get well-paying jobs regardless of going to college or not, or how expensive taxes and homes have gotten over the years. 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Buying a home for the first time brings pride of success and independency from the person who has this opportunity. This American dream is something that parent s dream for their children from the time that the child is conceived. Being able to buy a home for the first time is an accomplishment and a dream of a lifetime. However, this dream isn’t cheap and cannot happen in a short amount of time. When a person buysRead MoreStability And Security During Life : The American Dream1029 Words   |  5 PagesNumber: (512) 964-4409 School: University of Connecticut Address: 233 Glenbrook Road, Storrs, CT 06269 The (Reasonable) American Dream Stability and security in life: the American dream. These virtues drive many life goals, namely, owning a home. Unfortunately, since the â€Å"Great Recession† of the early 2000s, the American dream has become that much farther from reach as millions of Americans were foreclosed upon. Now that the once plummeting economy has begun to level off, the recovering people are seekingRead MoreThe American Dream For A Long Time Essay1558 Words   |  7 Pages House, a shelter for people which is one of a basic requirement for human survival in today’s world. According to Andriotis (2014) and Shlay (2006), homeownership is regarded as an aspect of the American dream for a long time (p.1). The American dream, a pursuit that a large number of US citizens seek, require individuals work hard to achieve it. In other words, there are a vast of people hard work in order to afford their property. People has possession of the house if they have enough money