Stability And Security During Life The American Dream

Name: Amy Robinson School ID: 2083737 Phone Number: (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 seeking homeownership in the near future. The problem: affordability. The ideal home takes away about a third of one’s income, leaving those transitioning from temporary housing to new home in a financial limbo.Despite the bleak situation, it is still possible to navigate through hardships into a new home. Boomerang buyers make up a large and ever growing population, which caught the eye of many economists. As the supply of houses increases with every foreclosure, and the pool of eligible buyers decreases for the same reason, sellers are becoming desperate to dump houses they cannot afford to keep or no longer want responsibility for. Simple supply and demand models indicate that a buyer’s market has formed. Sweetening the deal, the government stepped in to entice buyers with foreclosure forgiveness through the FHA and HUD, shortening waiting periods and adding special discounts to housing in depressed areas. Experts forecast thatShow MoreRelatedThe American Dream976 Words   |  4 PagesThe American Dream is the following; Go to college, get a good job, and finally get your own family. The concept of the American Dream is created by this value system. The American Dream is intended to be a way of life attainable to all Americans. The American dream once was having a family, a nice home and materialistic items. 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The dream of our ancestors has not changed with the passage of time, but achieving the dream has become much more difficult for the average A merican. Reviewing data compiled the last few decades paints a bleak picture, wage disparities haveRead MoreThe Importance Of The American Dream1547 Words   |  7 PagesThe American Dream, an ideal first defined by James Truslow Adams in the 1931 novel Epic of America. Adams (1931) defined the dream as, The American Dream is that dream of a land in which life should be better and richer and fuller for everyone... (p. 214). The dream of our ancestors has not changed with the passage of time, but achieving the dream has become much more difficult for the average American. Reviewing data compiled the last few decades paints a bleak picture, wage disparities haveRead MoreA Brief Note On The Death Of College1251 Words   |  6 Pagesdesired out of life, graduate high-school, head straight for college, the military or a dream career. 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