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Home-ownership, "The American Dream"?


Home-ownership, for many Americans, is a big part of what we call, "The American Dream." Around 1950 that dream consisted of a house, a dog, 2-3 kids and apple pie--I'm not sure a contemporary definition of the phrase would change all that much. Home-ownership still remains at the center of "The American Way" and has become for many the highest expression of our right to Life, Liberty and the Pursuit of Happiness. Therefore, being a Real Estate Broker gives me somewhat a Patriotic feeling.

In reading Fortune Magazine's article by writer-reporter Nin-Hal Tseng it only confirms my strongest opinion in regards to buying a home versus renting.  I agree that due to the crumbling housing market many are still choosing to rent rather than buy. but from everything I've seen and read, housing prices are continuing to decline and in many cases and rents keep rising. Unless you own your own home free and clear, you're still paying rent so you might as well own your own property. However long you rent, your money is still gone when you leave.  The longer you are an owner, the higher profit when you move vise versa.

I admit that with home ownership comes occasional maintenance costs but a responsible home owner will be careful when hiring a carpenter, plumber,electrician, etc.  Instead of hiring the first one that comes along, get at least three estimates and check the company's credentials.  Alot of older people have been taken advantage of simply by being being so gullible. 

With the use of the Internet all the information you need is at your fingertips.  From how to articles to numerous products and tools.   Repairs can be done at a minimum for those that don't mind learning the tricks of the trade and aren't afraid to get their hands dirty. 

Its a know fact that the majority of renters do not maintain their properties and if anything abuse the property.  Having been a landlord myself, I've seen the aftermath of renters that have no respect for a property simply because it doesn't belong to them.   At least when you own your own property you can have some control on who your neighbors are. 

Home-ownership provides a broader range of benefits to individual homeowners and to society as a whole:

  • Owning a home is a powerful economic stimulus.
  • Home-ownership benefits the community and the national economy. 
  • Homeownership stimulates healthy neighborhoods thus providing economic and social capital. 
  • Homeowners state they are more satisfied with their living conditions than renters.
  • Having a tax break is better than no break at all!  You can't argue with that benefit.
  • Home-ownership stimulates character and the pride of accomplishment.
  • Home-ownership gives you control over your own environment.
  • If done wisely, home-ownership can change your life!

I welcome any input or comments you might have in regards to home-ownership during these trying times.  I still believe that nothing can compare with owning your share of this great land we call America.

A good site to visit is http://www.thisoldhouse.com but there are numerous sites that offer step by step instructions on repairs and remodeling.

Ron Harmon, Broker
TriWest, Realtors


Published Saturday, January 29, 2011 7:04 PM by Ron Harmon, Broker

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# re: Home-ownership, "The American Dream"? @ Tuesday, February 8, 2011 6:32 PM


I believe in home ownership, just purchased a home myself and am working on it now.

Christopher Taylor

Ron Harmon, Broker

# re: Home-ownership, "The American Dream"? @ Tuesday, February 8, 2011 6:34 PM


It is definitely the American dream. However, for the last 3 years it has actually only been a dream to millions of homeowners who has seen their equity diminished to almost nothing.

Sarah Oswald

AR Member

Ron Harmon, Broker

# re: Home-ownership, "The American Dream"? @ Tuesday, February 8, 2011 6:35 PM

I enjoy watching This Old House.  The projects they work on are very imformative.

Don Barrett

Ron Harmon, Broker

# confrene @ Monday, May 14, 2018 10:25 PM

The contemporary and crumbling housing market many for choosing the house planning services and great topics. This https://www.aussiewritingreviews.com/ozessay-com-au-review/ blog always giving us and including the more chances for maintenance costs but being so gullible.


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