What does the American Dream mean to you? How would you define it? Investopedia defines it as “the belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society where upward mobility is possible for everyone.” James Truslow Adams described it as “that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.”
The American Dream, A Home to Call
Their Own
When my dad, Charles D’Alessandro Sr. and my mom, Rose, looked for a house in 1954, they were looking for a home. Above all, they were looking for a home to raise their family in an area they could afford to live in. They were looking for a home in an area that was close to friends and family too, The Neighborhood. In their minds, it was not an investment. It was a home they could call their own, their American Dream, their version of success.
They lived through the ups and downs of the real estate and
financial markets paying the mortgage, raising their three children. They did
as best they could, made sacrifices, and in the end paid that mortgage off.
The Opportunity to Achieve the
American Dream
Again, Investopedia states, “The American Dream promises freedom and equality. It offers the freedom to make both the large and small decisions that affect one’s life, the freedom to aspire to bigger and better things and the possibility of achieving them, the freedom to accumulate wealth, the opportunity to lead a dignified life, and the freedom to live in accordance with one’s values – even if those values are not widely held or accepted.”
Ask anybody to define it in their own terms and somewhere in their answer the words “home ownership” will probably pop up. This is because for many of us, owning a home is an essential part of the American Dream.
Benefits of Achieving It
Homeownership conveys a number of economic benefits:
- the ability to accumulate wealth
- access credit by building home equity
- reduce housing costs through the mortgage interest deduction
- gain long-term savings over the cost of renting
Achieving Your Version of Success
Today interest rates are as low as 3.25 (4.856 APR). View the 10 Best Mortgage Rates of 2019 here. With a good credit score, you can achieve your version of success as a homeowner.
Celebrate the American Dream!
June is National Homeownership Month. And with the 4th of July “popping” up next week, I want to encourage everyone to pursue your version of success, your version of the American Dream.
Is homeownership is part of the American Dream for you? Contact me, Charles D’Alessandro, your Brooklyn Real Estate Agent with Fillmore Real Estate. Call (718) 253-9600 ext. 206 or email charles@brooklynrealestatesales.com today. There is a ton of information out there. But don’t get frustrated or confused by it all. I can help you sort through any confusion you may have. Let me guide you to make an informed and confident decision about your American Dream.
Charles D’Alessandro
Your Brooklyn Real Estate Agent
718-253-9600 ext. 206
Charles@BrooklynRealEstateSales.com
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SOURCE: Brooklyn Real Estate Blog – Read entire story here.