Tag Archives: American dream

Regular home buyers are wondering why they are unable to partake in the American Dream of owning a home now that they actually have to document their income and put some skin in the game. The reason is that the current median selling price of $201,000 puts real estate out of reach for most Americans earning the typical $50,000 a year unless they go into massive levels of debt. They are too broke to own a home!

The American Dream--characterized by plentiful jobs offering living wages, security and opportunities to get ahead--is over....Piling on debt is not a solution; it's simply a politically expedient method to forestall the crisis, while guaranteeing the eventual repricing will be even more severe because the debt load is then so much larger. If you think otherwise, I strongly recommend that you reduce your dosage of Delusionol.

Although the vast majority of today's adults earn more than their parents did at their age, only 4% of adults from homes at the bottom rung of the economic ladder were able to reach the top, according to a new report released by Pew Charitable Trusts. Words: 429

Although the vast majority of today's adults earn more than their parents did at their age, only 4% of adults from homes at the bottom rung of the economic ladder were able to reach the top, according to a new report released by Pew Charitable Trusts. Words: 429