Is The American Dream Dying?

Real Estate Agent with Coldwell Banker Realty MD RE License 579412

Is The American Dream Dying?

A recent study shows that 25% of Millennials have given up trying to buy a home because buying their dream home is too costly.  But, if you ask anyone that lives in a lovely house, they didn't start there, they started off in a cheaper property and used that as a stepping stone to the next one, and so on.  The reality is the American Dream is not dead, you just have to start with a cheaper property and grow from there.  

If you read my blog a few days ago, What Did It Cost You to Keep Renting? you see how much equity homeowners acquired over the last few years and how they could use that equity to "trade up" to a larger and more beautiful home or even use that property as an investment and create even more generational wealth.

The average homeowner moves every 5-7 years and with each move, they purchase a larger and more beautiful home until they become empty nesters and then sell and purchase a retirement home.

Are you thinking about buying your first home?  Let's talk about your options and how you can start creating generational wealth for your future. 

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Creating generational wealth, one home at a time. If you are thinking of buying a home,  did you know I can help you find a home for as little as $1000 of your own money?  Thinking about selling a home in  Maryland give me a call at 410-292-0100 or start your search here and I'll talk about the market conditions and what your home could be worth in today's marketplace if you are thinking of selling.  If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone are worth the plunge into today's market. Coldwell Banker and I are connected with some of the world's brightest and best real estate agents and can assist with your move here to Maryland or anywhere in the United States or abroad.  Ask me how.

During these trying times, Coldwell Banker and I are equipped with the latest technology to sell your home using Virtual Open Houses, Virtual showings, electronic signing, virtual inspection, and even online closings.   You can contact me through Snapchat, Duo, Skype, Google Chat, WhatsApp, text messaging, or simply by phone.  We take your and your family's health and safety very seriously.  

June Piper-Brandon ~ Associate Broker ~ MRP, AHWD, CDPE, ePro

Coldwell Banker

410-292-0100 - Direct   410-461-7600 Office

June Piper Brandon - Agent with Century 21 New Millennium

June Piper Brandon - Agent with Century 21 New Millennium

Comments (9)

Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

I think it's just on hold until the economy recovers and I won't say what needs to happen to turn it around.

Jun 05, 2023 11:30 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street Topsfield, MA - Georgetown, MA
Your Personal Realtor®

The American Dream is alive and well June Piper-Brandon 

It seems the terms "starter home" & "sweat equity" have been forgotten.

Jun 05, 2023 12:26 PM
Paddy Deighan MBA JD PhD - Vail, CO
Paddy Deighan J.D. Ph.D

That’s a staggering number … I also wonder how many of them are apathetic about home ownership? Mom and dad’s house has a lot of appeal

Jun 05, 2023 06:38 PM
Richard V. Foster, Esq.
Law Office of Richard V. Foster - Henderson, NV
Broker (58356) - ABR/M, CREN, CRS, GRI, RRG, SFR

The USA has lost its way, the Democrats and Republicans are more interested in WINNING at all costs, even if that means we all spiral down in a pit of national debt that can never be overcome. The number one reason Millennials do not buy, they are crushed under a mountain of student loan debt, and most cannot qualify for a dream home!

Jun 05, 2023 06:48 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

I remember when in the 1970's interest rates were climbing and my parents took the dive and bought a home and lived happily for 20 years in their new construction home.... then they sold on the bottom of the market in the 1990's for twice plus what they paid for... buyers need to be educated by their parents... just my two cents, Endre

Jun 05, 2023 10:28 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Jun 06, 2023 02:29 AM
Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent information.Thank you for sharing. Have a wonderful day and a blessed week.

Jun 06, 2023 04:27 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello June - buying a home, especially for the first time, can present many challenges.  It's definitely a situation where preparation and expectations are tested.  Over and over again.  

Jun 06, 2023 03:16 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

A timely post June Piper-Brandon ... I agree many buyers have cooled their heels regarding buying a house right now, however, there are still a good number of serious -- ready, able and willing buyers who are even willing to overbid (in my area) anywhere from $5,000 to $30,000 over for starters!  Seems crazy, but not if you are determined.  Then it's all about expectations.

Jun 06, 2023 04:48 PM