Persuasive Essay On Owning A House

The real-estate is a huge market that has many options to offer the costumers who are looking for a place in which they can settle and start their own families. The diversity of choices has made finding a house to buy a very mind consuming, complicated process. This complexity has distracted some house-seekers and led them to buy houses that are not what they want. Buying a house could be a complicated process but you can change that by following some steps.

In today’s material world, it is becoming harder to take care of aging parents, and in result of that rise the concept of residential homes. While there is running controversy regarding who shall pay for this type of caring whether it is children or government. This essay will present the two points of view, but it will advocacy view of government supporting elderly.

Despite this fact, home ownership in the economic and social landscape of today is a big responsibility. Economically, most millennial most likely cannot afford to own their own home. A mortgage is a much larger payment than rent for an apartment. Similarly, owning a home means paying for gas, electric, water and furniture to fill a house; this also includes any grounds upkeep depending on the home’s location and property taxes. Socially, Millennials seem to be straying away from owning a home because it

The economic decline has possible home buyers, especially first time home buyers, scared to invest anything into the housing market. With the fear of another depression in the back of everyone's minds, some businesses are attempting to clarify the pros of home ownership.

Until every home loses value, buying a home will continue to be a prudent investment for those who can’t buy stocks or bonds. Purchasing my home was a major milestone in my life as well as an investment I could make for my future. Adalberto Aguirre believes that “For many Americans, homeownership is synonymous with success, independence, and the achievement of the American Dream.” Homeownership is seen as a pathway to aspects of the American dream; for instance, the ability to pay for a college education, providing start-up capital for a family business, or funding retirement plans (Aguirre 6). Owning a home, like earning a college education, is something I thought was supposed to be coveted for not only ourselves, but also for our friends and family. Helping others attain the American Dream certainly took a backseat to profits in the minds of countless mortgage brokers and lenders during the 2000 housing boom.

Buying a home is arguably one of the most important decisions any adult will make. Not only do you want to find a home you love and that meets your needs, but you also need to find a home that works for your financial situation. Although this process may be stressful and intimidating, it is absolutely possible to get through it successfully. The purpose of this guide is to help you through the steps to purchase your home, from finding a realtor all the way to closing.

We, more than any other age, want stability. No one wants to see that in us because it’s a tough fight to get it, but we want to self-manage and have financial certainty. Houses mean something entirely different to us than to others. We don’t see houses as necessities or obligations. We don’t take mortgages lightly or settle into some place we’re not happy with. The real estate market has some new customers who are taking their choices seriously. To us, that house has to be earned, and it’s also an investment. We don’t feel an obligation to settle into that house; we want it because of what it offers us. That house can grant both stability and financial security. Making an investment like that is something that overjoys a generation still shaken from the uncertainty of the market crash. When we make investments, we become adults. There is nothing scarier or more exhilarating than stepping away from an age where we can’t control the world around us into being at the wheel. The housing market may not have the same customers as it once did, but these customers are ones who aren’t taking any decisions lightly. Stepping from dorm to apartment to renting and, finally, to owning a home is a terrifying journey. Nobody should take it lightly, but we should take it. We’re ready to take on mortgages and handle the economy in a new

As the years have progressed, this American dream has also transformed. The extensive generation of millenials has grown into adults and formulated their own version of the American Dream. Although they are not complete duplicates of that which existed in generations past, the desires of the millennial generation still exist, but they have taken different forms. One of the preeminent reasons that many millennials have abandoned the dream of owning a home came with the housing crash of 2008. Many families experienced the losses of assets, incomes, and, in particular, homes. As subprime lending plagued the country, big banks were rescued by the government and, in turn, by taxpayers. Unimaginable interest rates that suddenly spiked after a short amount of time left families with no way to pay their mortgages. Banks quickly took on ownership of the homes, and entire communities quickly experienced mass foreclosures. This unfortunate time in American history left families in dire financial situations and substantially impacted the mindsets of the children and young people of families that were affected by the Great Recession.

There are many pros and cons to home ownership as a millennial. As a millennial, I believe that our idea of the “American Dream” has changed drastically. Because so many of us have experienced the great recession, I think we stray away from house ownership while we are young. The cost of a house in the past is not the same now. People could get by on one income while still paying a mortgage. That is virtually impossible now. According to Smart Asset researcher and journalist, Amelia Josephson, the average income of a millennial is about $35,000 a year. It is 20% lower than the average salary a baby boomer had at the same age. Millennials also have more debt than their parents had at their age. Because of this, it is almost impossible to expect Millennials to own homes at the rate in which generations before them have.

Many Millennials don’t know what it takes to do this, and once they go through all the steps toward getting a home, some of them just give up altogether. Sometimes they feel like it is a lot harder than they thought. A lot of them feel like the process should be as simple as buying a car, but it just isn’t. There are so many intricacies involved that it may feel overwhelming. All that aside, are the Millennials still realizing home ownership as part of the American Dream? The answer is, yes. Is it a more difficult process that may weed out more potential home owners than in previous years? The answer is also, yes. Most Millennials do want to own a home, but most will not for quite a few years due to financial circumstances and qualifying abilities. It is something that is becoming more and more popular over the years and, I personally think, will continue to grow. Even though the process can be difficult, more Millennials will continue to strive towards home ownership and investing in their future because it is still the American Dream, and people

Home insurance is a good thing to have any time of year, but it becomes especially important during the springtime. With the ever-changing weather conditions in Missouri, the experts at Texas County Mutual Insurance in Licking, MO, recommend you get a policy in place sooner rather than later.

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When discussing millennial home buying habits, researchers will reference the dot com bust of the late 1990s and early 21st century [that] struck the technology industry”(“Dot Com Bubble”) which costed $5 trillion in losses- that’s five times the U.S. national deficit in 2011 (“U.S. Debt Visualized”). That’s like holding a cup full of water where each drop is worth one million dollars. That might even be an understatement, but the amount of money lost due to the dot com bust cannot be ignored- it was a big deal. There is no doubt that this stock market crash affected the number of homes being sold, and millennials face the aftermath of it. However, every generation prior also dealt with market crashes. The Great Depression in the 1920’s, the Wall Street Crash in 1929, the recession in the late 1930’s, the list goes on and on. Let’s not forget all the panics that happened in the 18th-19th century, alongside the mini crashes and

Establish Credibility: According to US News, the great American dream of owning a home appears poised for a comeback. Real estate company Trulia reports that in many parts of the country, rents are rising while housing prices are falling, making buying a home more affordable. Trulia found that in 98 out of 100 major metropolitan areas, including Detroit, Atlanta, and Cleveland, buying has become more affordable than renting.” I think the mortgage catastrophe of 2001 left prospective home buyers afraid of buying a house without being extremely certain that is the right decision.

Owning a house has become more important than simply having a place to live, or making a sound real estate investment in our society. Buying a house has become an integral part of the American dream. No matter if you are male or female, young or old, rich or poor, what culture or country you are from, everyone has a dream about it; in other words, every one of us wants to own a place that we can live in and create memories in that will last a life time. For a first-time homebuyer, that dream can quickly turn into a nightmare. The whole home buying process can quickly overwhelm the average individual. You’re entering into what could be the biggest purchase of your life with no experience to fall back on. The good news is a little preparation can go a long way and help you approach this decision with confidence. Luckily for you, I have taken the liberty of putting together a guide for the first-time homebuyer. Throughout this guide I will take you step by step through the daunting process of buying a home.