From the beginning of our existence, we as people are taught that life is about the pursuit of happiness, (go to school and graduate from college with a great career, fall in love, get married, buy a house, raise a family, and live happily ever after). This is considered to be the American Dream. On the road to happiness, the average American dream can turn into a nightmare when it comes to buying a home, whether you are a first time home buyer or venturing into buying your second or third home, purchasing a home can be a challenge. Some people think buying a home is like an easy walk in the park, do not be fooled. The keys to becoming a home owner are to be educated and patient. At the present time I am a first time home buyer going through the process. I can tell you from experience that patience is a virtue. This is my third time trying to buy a home. The difference this time around is I am prepared and well educated about the home buying process. For those who are ready to buy your dream home, here are some simple steps to assist...
With that in mind, it is important to understand a couple of concepts before analyzing and determining the effectiveness of that document. Although people do not always realize it, the purchase of a home is one of the b...
The American Dream has always been a driving force in the lives of Americans. It has become a foundation of ideals and hopes for any American or immigrant. Specifically, one of the ideals that always exist is the dream of America free of class distinction. Every American hopes for a society where every person has the opportunity to be whomever he or she desire. Another ideal in the American dream is the drive to improve the quality of life. As one’s idea of the American Dream gets closer and closer, often times political and social ideals of America cause their American Dream to take a turn for the worst.
In the United States there is an idea many pursue called the American dream, which differs from person to person. The American dream according to americanradioworks.publicradio.org is “a revolutionary notion: each person has the right to pursue happiness, and the freedom to strive for a better life through hard work and fair ambition”. Yet it has been said there is no real definition of American dream, instead it merely proves that it has an unconscious influence in American mentality (Ştiuliuc 1). The American dream is different for each person because everyone yearns for things that will they hope will in return make them happy. Whatever that may be, each person goes through different struggles to obtain what they want. According to Frederic Carpenter, the American dream “has never been defined exactly, and probably never can be. It is both too various and too vague” (3). The Madonnas of Echo Park by Brando Skyhorse depicts the different interpretations on what the American dream actually is through the opinions and actions of Hector Esperanza, Efren Mendoza and Mrs. Calhoun.
We were raised considering the jobs we could do in the future and the universities we may attend; we heard that hard work and dedication was the only essential to fly in this world. Everyone was aware of the standard of living that was expected and few hesitated to buy into the legendary dream. The American Dream itself is what we all grew up desiring. Suburban homes, multiple cars, hefty paychecks and fantasy vacations are its elements. The American Dream is exclusive and unsatisfying at its core.
“This, That and the American Dream” an article written by Christian Williams briefly talks about how during a certain time everyone strived to achieve the American dream. This meant that the main thing to accomplish in life was to graduate college, be successful in your career and have a family to provide for. But over time the perception of that dream has changed, the understanding of the American dream has changed because of people wanting excessive power and control. Although the dream has the sense of being accomplished many people choose to overlook the dream because there are other things that affects someone's decision. This simply means that in America in order to be happy or proud to be an American you have to achieve each and every goal that you set for yourself.
The Founding Fathers once preached that the American Dream entailed the right to “Life, Liberty, and the Pursuit of Happiness,” nothing more, nothing less (Declaration of Independence). For centuries, the American Dream meant having a good job, owning a house, having a nice family, and generally enjoying life the best way possible. As history progressed however, people started working toward achieving individualistic success by any means necessary. Go back to the 1930s in New York City one fine spring morning. A boy, Moss Hart, remembers that back then “wealth, rank, or an imposing name counted for nothing. The dream of the wonderful American consisted of having a decent chance to scale the walls and achieve what they wished” (Kamp 1). Now flash-forward a century into the year 2014. Today in America, success does not reflect how muc...
Whether you are a first time home buyer or a seasoned home buyer, it is important to be aware of the requirements, policies and procedures that could potentially assist you with your home buying needs. As frequently evidenced, the housing rules keep changing. The government keeps proposing new funding programs and the stipulations that need to be met by buyers are ever changing. Staying abreast on these details will help ensure you have a smooth and valuable home buying experience.
In 1931 when the American Dream arose, Americans believed that the harder one worked, the more one would prosper (Meacham, 2012). In other words, they strongly believed that the American Dream was gaining a better, richer, happier life. Today, the American Dream is still hoping to earn a college degree, get a good job, buy a house, and start a family, but according to MetLife’s fifth annual survey, 41% of the respondents said it was about personal fulfillment, while most American’s say it is out of reach for many (White, ...
Buying or selling a house or an apartment is one of the biggest decisions of a person’s life. And when selling or establishing a price for real estate, people seek out real estate agents to do the dirty work. A real estate agent has to convince a prospective homeowner that he or she is trustworthy and knowledgeable. In many ways, the agent acts as a counselor to individuals and families about to embark on a huge commitment. Real estate agents have a thorough knowledge or real estate market in their community. They
Buying a home can be an exciting experience for anyone. However, in some cases you just might be better off continuing to rent your home. There are many advantages to buying a home. However, it is not for everyone and buying varies from individual to individual. Currently more people are leaning towards renting but this could change in the near future.
Similarly, many of the goals and desires that the American Dream holds are not always what they seem to be. On the surface, they may seem to be what everyone wants, however below is the real truth about these desires and their consequen...
The majority of people have many dreams but one of them becomes a homeowner. Have your own house add security to your family, peace extra space, long term investment and freedom. As soon as you have the house, the people star to make plans to fix or improve the entire house, changing walls color, adding new appliances or upgrades to the home. During the initial process buying a house, the buyer hires a real estate agent, who is working for them to help to buy a house under some requirements that buyer need. This assignment takes some time, days, months and dedication because is not easy to find a perfect place or location that the buyer desire. So, what happen when you buy a house that belongs to a social worker client’s and the social worker
With America actually being seen as the land of assurance, the American dream is usually associated with the freedom and opportunity of gaining prosperity, recognition, power, triumph, and contentment. On the surface, this dream appears virtually delighted, offering individuals the exceptional hope of accomplishing success despite of one’s race, religion, or family history. The American Dream is accurately what it seems to be the chance of perfect lying nearby the corner. However, the actual nature of this dream prohibit the pleasure of the victory one has earned, as the desire is always demanding one to work a slight harder and gain a slightly more.
Buying and owning your home is part of the American dream. Although the dream itself has since changed, the home still remains the main focal point. Today owning a home doesn’t necessarily mean a house. People now buy duplexes, cooperative apartments, and condominiums. For some families it could take up to a couple of generations before it’s able to have the capabilities of buying a home. To many people it means a certain achievement that only comes after years of hard work. It is a life altering decision and one of the most important someone can make in their lifetime. The reasons behind the actual purchase could vary. Before anything is done, people must understand that it’s an extraneous process and it is a long term project.
Buying a home is more complex then most think. A purchaser of a home doesn't pay in cash when buying a house. If that were so, then nobody would be able to afford one. A potential buyer must get a loan. The bank doesn't lend their money to just anybody, so there are prerequisites before a buyer should consider buying a home. The potential buyer must have enough money for a down payment which is 3% to 20% of purchase price, a steady job with for at least two years or more, must have a decent credit score with at least a 640 or better. That is standard for the market. (1) The credit score is based on the FICO score. FICO stands for, Fair Isaac Corporation, a company that has been in business since the early 1950's and monitors consumers' credit ratings and put a scoring system on it. (2) Conventional loans are usually financed up to eighty to ninety percent with a down payment required of ten to twenty percent. The potential buyer must also have a debt ratio not exceeding 28/39 of their income. The first number 28 refers to your new mortgage payment that cannot exceed 28% for your gross combined income and 39 refers to your mortgage payment plus revolving and installment debt as well as taxes and insurance cannot exceed 39% of you total combined gross income (3).