With foreclosures on the rise again, is renting the new American dream?

Jump to Last Post 1-8 of 8 discussions (8 posts)
  1. JamesPoppell profile image84
    JamesPoppellposted 6 years ago

    With foreclosures on the rise again, is renting the new American dream?


  2. gregas profile image82
    gregasposted 6 years ago

    For a lot of people there isn't much choice, that is if the can afford to get off the street. Greg

  3. teaches12345 profile image94
    teaches12345posted 6 years ago

    I heard that there is a slight improvement in home sales and decrease in foreclosures over the past six months. Don't  know if this is true but it will be some time before we see the proof through economic statistics. I would advice to rent before buying if they are looking at residential options.

  4. lburmaster profile image84
    lburmasterposted 6 years ago

    That's kind of ironic you asked. It is my dream to rent a home through my bachelor's and master's degree programs and after that until I can afford my own home. However, renting a home will never overcome the joy of owning a home all for yourself.

  5. veritorogue profile image60
    veritorogueposted 6 years ago

    It is not the American dream by any stretch of the imagination. Renting is a mode of housing that suits many but property ownership is important for sustaining a vibrant and expanding middle class. In the near future rental rates will rise because demand will increase as purchasing will not be an option for many. The move towards renting is just another sign that we are descending into serfdom.

  6. feenix profile image60
    feenixposted 6 years ago

    Personally, I have almost always thought that renting should be the "American Dream."

    But perhaps I see things that way because I have been residing in the Manhattan Borough of New York City for nearly 35 years.

  7. housevirtualtour profile image61
    housevirtualtourposted 6 years ago

    I will disclose that I am a Realtor in California. The market finally hit bottom in mine and many others' opinions. The interest rate could not be lower, and California is helping low income people with up to 3% for down-payment. You can buy a house roughly $200,000 for 1 income or $220,000 for 2 incomes with 1% out of your pocket (3 bed in some areas of LA). The mortgage + mortgage insurance + home insurance + home maintenance would be less than the rent for the same size house and even for a larger one.

    The real dream is of 2 years of W2's and a fico above 640. Anyone can improve his/her credit. Check www.annualcreditreport.com for free credit report and start achieving your dream. Income is important also and staying in the same job/activity for 2 years should be everyone's goal now that employment started to improve.

  8. profile image53
    inspired7posted 3 years ago

    Buying is something people should do in a smart way...(don't buy what you cant afford)  make sure you can make the monthly payment comfortably.
    (Dirt Cheap Houses:  http://dirtcheaphomes.homestead.com/index.html


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)