The American Dream
On the eve of our Nation’s birthday, I am reflecting on the freedoms we enjoy. We have gone through a lot of changes through the centuries, and even recently. Whether or not you agree with the decisions, laws, or rulings, these are freedoms. Most of us don’t worry about what we will eat, where we will sleep, or how we are going to get from one place to another. We think about things like, what movie should we see, which flavor of ice cream do we want, and how many days we have until the weekend.
Another great freedom we have is that of home ownership. As a Realtor, this is my favorite! What a joy it is to hand keys to a first-time home buyer. The smile on their face says it all. It says, “I did it!” “I worked hard and saved enough money to have a down payment to call this place my own. I can paint it the colors I want, play my music as loud as I want, and plant a garden.” There are financial advantages as well. In a lot of markets across our nation, rents are higher than a mortgage payment. Interest rates are still low which makes home loans more affordable. Interest is still deductible on our taxes, something that renters can’t take advantage of. When you decide to move on, up, or down, you may also have equity in your home that you can use to put toward your next home. You may also decide that you’d like to keep your home as an investment and gain wealth through real estate. There are many options in home ownership and I am just glad we have the right to them.
As you are grilling out, spending time with friends or family, and watching fireworks, think back to the day you bought your first home and how exciting it was for you. If you are not a homeowner, maybe it’s time to consider the possibility of the American Dream. Enjoy the independence we have been given. Thank someone who serves or has served our country to keep these freedoms protected. God Bless America.
Images courtesy of satit_srihin, nixxphotography, and David Castillo Dominici at FreeDigitalPhotos.net
Michelle Froedge is a residential Realtor and Principal Broker in the Greater Nashville and Williamson County areas of Tennessee. Wife to Robert, “Mom” to Tyler and Livvie, Auntie to Zelamie, she is a vegetarian and sings in her spare time. Michelle has lived in Nashville and Franklin since 1997 and has been selling homes since 2004.