Ken's Naperville Real Estate Blog : IS HOMEOWNERSHIP STILL THE AMERICAN DREAM? IT IS FOR ME.

IS HOMEOWNERSHIP STILL THE AMERICAN DREAM? IT IS FOR ME.

Over the last few months, I have read many articles questioning if home ownership is still part of the American dream.  Writers have been debating the advantages of renting versus home ownership. This is probably to be expected considering today's real estate market.

While renting is certainly great for many...

Home ownership is definitely part of this Americans dream! 

Let me explain...

Three years ago, my wife and I decided to sell our townhome to finance my new real estate career.           

                                                       

Although our timing turned out fortunate, we were very sad leaving our home.  It was our first home together.  We loved the neighborhood, loved the home, and liked being a part of a community.

The last few years, we have rented.  We have moved three times, renting an apartment, a townhome, and a small single family home.

Life is good.  We are very happy, have a beautiful daughter, and another child on the way.

Our financial situation has been improving (finally!), and we are both dreaming of putting down roots...

My wife loves decorating, painting, gardening, entertaining, and cooking in her very own kitchen.

I enjoy snow shoveling, lawn mowing, fiddling in the garage...

We miss having trees.  We miss long term neighbors...

Bottom line, we miss owning a home

We dream of buying, and that dream is getting closer every month.

We are both excited.

As a Realtor, I see many homes that I would love to buy.  Just yesterday, I saw a perfect home for us.  Four bedrooms.  Great yard.  Big trees.  Beautiful neighborhood... 

Prices on homes have come down dramatically.  What once seemed out of the question, now seems possible.

My goal?  To have a great year in real estate and save up enough money for a down payment on a home when our lease is up in November.

A lofty goal?  Perhaps...

But a dream that gets me excited to work even harder.

Is home ownership still part of the American dream?

It is for me.

Ken

A Realtor you can trust. 

 

Comment balloon 32 commentsKen Tracy • January 07 2009 06:55PM

Comments

Ken you are the kind of client that every agent dreams of having! If you know of anyone like you in the greater Seattle area - I'd love to help with a dream!pulasa

Posted by Teresa K. Nelson (Windermere Real Estate/HLC) over 8 years ago

Ken, great real life story.  There is so much about owning your own home that is part of America and the American Dream!

Posted by Tim and Pam Cash, Real Estate Professionals - Clarksville TN (Crye-Leike (Sango)) over 8 years ago

Ken...

I know that you'll be able to do it with ActiveRain helping you along the way. Keeps us posted on this, it's a good real-life drama!

Posted by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty) over 8 years ago

Home ownership is definitely worth it but it is not for everybody. I always tell people that if you want to stay in some place for over 2 years. Then maybe buy a house. Otherwise, it is more trouble than enjoyment.

Posted by real estate real estate over 8 years ago

Hi Huiting, Richard, Tim and Pam, and Teresa.  Thanks for reading.

Our life has surely been a roller coaster.  For those that have read my posts for several months know this.

Things are getting better.  I am very optimistic.

Let's all have a great 2009.

Thanks again,

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) over 8 years ago

My goal?  To have a great year in real estate and save up enough money for a down payment on a home when our lease is up in November.

Good evening Ken,

That's an excellent goal.  I hope you reach your dream!

Posted by Bruce Brockmeier, Coached By Crouch (Internet Marketing Consultant to REALTORS®) over 8 years ago

Hi Bruce.

Thanks.

I am going to do everything I can to achieve it.  It is the journey that counts.

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) over 8 years ago

Ken,

There's nothing like having a place that is your own. What a great goal! I look forward to seeing a picture of your family in your new home at the end of the year.

Posted by Dawn Isenhower (Sibcy Cline Realtors) over 8 years ago

Ken, Best of luck with your goal of home ownership! Now really is the time to buy while prices are low. Please let us here on AR know how your search goes.

Posted by Ilyce Glink, Best-selling author, award-winning TV/radio host. (Think Glink Media) over 8 years ago

Home ownership is the epitome of the American Dream, and is  the best expression of it I can think of.....and especially at the low interest rates we are now seeing!  Best wishes on your dream...make it happen!

Posted by Trey Thurmond, College Station , Texas Homes (BCR Realtors) over 8 years ago

Home ownership is still the American dream It is YOUR place, no matter what.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 8 years ago

Ken - I would agree with that owning a home is apart of the Americandream. Focus on your goal and you will be able to achieve it.

Posted by Robert Schwabe, Orange Park Real Estate (EXP Realty) over 8 years ago

Hi Ken!
Not lofty at all!!!  I think you have the best incentive there is...and I know you will do it!  Congrats early on moving into your new home!

Posted by Paula Swayne, Realtor-Land Park, East Sac & Curtis Park -Dunniga (Dunnigan, Realtors, Sacramento (916) 425-9715) over 8 years ago

Ken, what a great testimonial. I'm a little surprised that you financed your real estate career by selling your home, though. That must have been a bittersweet, unnerving thing to go through.

Presently I'm living in a condo, but I miss having my own yard. Like your wife, I enjoy gardens and miss grass, trees, flowers, etc. And especially a GARAGE! Congrats on the baby on the way and I wish you the VERY BEST in reaching your goal by November! ~Pat

Posted by Pat Starnes, Brandon, MS, Broker Associate, ABR, 601-278-4513 (Front Gate Real Estate) over 8 years ago

I"m sure you will reach your goal, Ken. This of course is the silver lining in this market. Buyers are able to purchase in area's that were once not affordable.

Posted by Missy Caulk, Savvy Realtor - Ann Arbor Real Estate (Missy Caulk TEAM) over 8 years ago

Hi Pat, Paula, Robert, Gary, Trey, Ilyce, and Dawn.  Thanks for reading.

Oh boy.  Now I am feeling extra pressure!:)

I won't measure success and failure of my year on achieving this...

But when I am out hanging my flyers, I sure know it is getting me closer.

Thanks so much everyone!

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) over 8 years ago

Hi Missy.  I sure hope so.

Yes homes are becoming more affordable.

Nice for we apartment dwellers/first time homeowner types!

Thanks for reading,

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) over 8 years ago

I think you are correct.  One can see when too many tried to realize that dream and couldn't afford it.  I can't believe you like shoveling snow.  I am worried about that one???

Posted by John Walters, Licensed in Louisiana (Frank Rubi Real Estate) over 8 years ago

Hi John.  I love snow.  Reminds me of being a kid.  The deeper the better.

I don't like the heavy slush at the end of the driveway...

Thanks for reading,

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) over 8 years ago

Home ownership can be a dream...if you are prepared to own.  If not, it can be a nightmare.

It's a lot of fun but a lot of responsibility as well! 

Posted by Ron Tarvin, Broker, Katy, Houston, Cypress 77450,77494,77095 (Luxury and New Construction in Katy & Cypress TX) over 8 years ago

Of course it is still part of the American Dream. As I said in my article, dream big but be smart! Home ownership is not for everyone in every circumstance, though. Good luck to you and I hope you get your dream home soon!

Posted by Kelly Sibilsky (Licensed Through Referral Connection, LTD.) over 8 years ago

Hi Ken... setting goals and linking those to your dreams and aspirations is the first step in achieving what you wish for yourself.  The second step is creating a plan to achieve them.  I know what a fine agent you are, how you care about your clients and how you are driven by your personal ethics and integrity.  You will definitely succeed and surpass your goals.  I am confident about that. 

BTW, congrats... I did not know you had a second child on the way!

Posted by Steve Shatsky over 8 years ago

Hi Ken,

Home ownership is still the American Dream! The market will recover and home buyers will be out there in record numbers. We will be there waiting for them and ready to fill their needs.

Congratulations on the  forthcoming addition to the family!

Posted by Harold "Hal" Place (A1 Connection Realty, Inc.) over 8 years ago

There is nothing like having your own home to hang curtains and paint the walls and have tile instead of carpet kind of things. And a pet you don't have to pay a deposit on!  It is still the American Dream...and I am sure a dream in any country.

Posted by Sherry Scales, Realtor, for Austin, TX and surrounding areas (Austin Texas Homes, LLC) over 8 years ago

Hi Ken,

You'll get there.  It sounds like you've set your goal and are working towards acheiving it.  Good luck to you and your family and congrats for the baby on the way.

Olga

Posted by Olga Diaz, Potter, Mng Broker, CRS, ASP, ePRO, ABR (COLDWELL BANKER TOMLINSON) over 8 years ago

Ken,

Very good points sir.  It shows what the man on the street is thinking and I agree, I think that it is still a dream that a lot of people still have.

Posted by Don Rogers, Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes (Keller Williams Realty Chesterfield) over 8 years ago

Hi Don, Olga, Sherry, Hal, Steve, Kelly, and Ron.

Thanks so much everyone.

We are very excited about the addition to our family.  Erin is looking forward to being a big sister.

After three years of bouncing around, I am sick of moving!:)

I know there are others feeling the same way...

Let's all have a happy and healthy 2009.

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) over 8 years ago

Ken-its a funny thing..I have been in Daytona for 5 years...I did not buy because my first two years I could not figure out where I wanted to live..I lived in 3 different cities in the Daytona Beach area..and now have been on the beachside for 3 years....at the time prices were so high and still going up.....I knew in my heart of hearts buying then would be a big mistake... I would get into financial trouble.....today prices are affordable and yes it is still the American Dream!  A very nice post...and I know you will have a terrific year!

Posted by Midori Miller, Digital Marketing Director (Talk 2 Midori, LLC) over 8 years ago

Thanks Midori.

I look forward to following your year as well.

Let's have a great 2009.

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) over 8 years ago

Ken-I haven't commented on any of your blogs in a while, I know shame on me. Best of luck with your American Dream, and I hope you have a great 2009!

Posted by Joseph D. Federico, Eastern Massachusetts Real Estate (Donahue Real Estate Co.) over 8 years ago

Hi Ken, You are the third guy I know of on AR who is expecting a baby.  Greg Nino, Jason Crouch, and now you.  Congratulations!

Posted by Shirley Parks, Broker, 210-414-0966, San Antonio TX Real Estate (Sands Realty 210-414-0966) over 8 years ago

Hi Joseph, and Shirley.

Joe, welcome back!

Shirley, I know lots of people having a baby.  Good for real estate!

Thanks guys,

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) over 8 years ago

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