Persuasive Essay On Owning A Home

It seems that over the decades, the “American Dream” has changed along with the generations who follow it. After the “Great Recession”, the housing crisis which triggered a financial crisis, and millennials have changed their point of view about homeownership. This change created another definition for the “American Dream”, because more opt out to rent versus buy, and some don’t bother with houses at all and prefer to live in apartments. This is all due to rising student debt, risks associated with owning a home, and the fact that homes are often suited for families and it’s been proven that millennials are pushing back the age for conceiving children.

One factor causing Millennials to delay home ownership is the fact that going to college has become the normal and encouraged route for people to take. However, the cost of going to college is higher than ever causing many students to take out enormous loans. This student debt is an economic burden for millennials to carry which leads them to feel that they are not financially able to own a home. Paying off loans becomes a higher priority than having a place to call their own. Millennials are also marrying later than prior

He contributes the stagnation of housing market, “America is not moving” in his own words, as an essential contributing factor to the upcoming housing crisis besides in lack of construction (2018). In particular, he sheds light on the statistics that a great number of US homeowners (79%) do not have the plan to relocate themselves in the upcoming years in which might intensify the extent of the housing crisis (2018). Thus, Kline concludes that since there are only insufficient amounts of new housing being introduced to the market, it emulates the difficulty for the new young buyers to become a homeowner (2018). With that being said, Kline’s statement is in line with the homeownership statistics published by the US Census Bureau (2018). With the statistical component for each age group of homeownership remains unchanged during last five years, householders age 65 years continue to be the largest constitute body in home ownership

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When it comes to bathroom renovations there are a number of trends that have come and went. How do you make sure that when you are updating your bathroom that you don't fall victim to the latest fad? While it basically comes down to installing updates that you desire there are some renovations that will fare better than others when it comes to the resale value of your home. Below you will find some tips on where it makes sense to spend your bathroom renovation dollars.

Why Are So Many L.A. County Home Buyers Choosing Homes Near Urban Eyesores and Freeways?

A home purchase is a major investment into your future. Just like any other investment, it's important to make sure it appreciates in value over a long period of time. One of the best ways to do this involves completing major renovation projects that'll upgrade the home over the long haul. Sure, there are smaller projects like changing the front door and adding floor tiles that can make a difference. However, one of the main rooms to make a big impact is the kitchen. After all, to most people, the kitchen is the heart of the home. In order to make major changes in the kitchen, you'll probably need to gut everything and start from scratch. There are a few ways to survive the process of a kitchen renovation while still leaving your sanity in

To be sure, the American Dream is alive and well. However, with Millennials comprising the largest demographic in the U.S. and not yet having embraced home ownership, only time will tell if housing will play as large a role as it did in years

Whether you are a private investor or a bank, taking maintaining a foreclosed property is tedious. Many homeowners may feel emotional about losing their home. As such, they aren’t in favor of leaving their old residence in tiptop shape. In many cases, foreclosed homes require extensive work that goes beyond cleanups, which is one of the many reasons you should leave the heavy lifting to a professional.

Owning a home is a part of The American Dream. Unfortunately this Dream is no longer attainable by many Americans. The housing market crash clearly demonstrated that many Americans do not have the financial resources to get and sustain a mortgage to buy a home. This situation is further exacerbated by Income Inequality issues.

I'm arriving in the US on Aug 26th, and I'm looking for a room for $500-800/month located no more than 30 mins from NJIT. Probably you know someone who is looking for a roommate or a rental agent who can help me with this. Also, if you don't mind, maybe you can advise me a district where most of the students prefer renting apartments and why.

Assuming Millennials can overcome the financial factors working against home ownership, then they must look at the non-financial factors – which are equally as rough to navigate. Start with job mobility. If a Millennial is lucky enough to find a well-paying job that will support student loan debts and a mortgage, the job is likely non-entry level within an organization. The job may require frequent travel which would decrease time available to maintain one’s house. The job may require relocation – which can be costly if the company is not picking up the cost (and fewer companies are these days). Additionally, technology is creating a more mobile work environment – meaning employees don’t necessarily have to live near their places of employments any more. Work today from your timeshare in Florida and tomorrow from your parents’ spare bedroom. Mobility makes it almost silly for

We've all seen those movies of those lazy individuals we call millennials. These people are often depicted as dependent individuals that are either living with their parents or renting some shady apartment. That's the question has been proposed whether or not are they justified in doing so. It is obviously easy to say that they have a right to do so, but can it be considered rational in the days we live in. Are their benefits from withholding to buying a house. And maybe even this could be the redefining of the new “American Dream.”