The American dream is a lie

Rent, property taxes, healthcare, and the cost of living, is killing people. When you retire you going to end up spending more money.

You don't own the house, the house owns you!

When we came to the states in 1978; my father told my mother, ‘’ I won’t be a slave for 30 years’’! He bought a trailer home with a nice lot . My parents then build a home next to it in two years! My parents haven’t paid mortgage or rent since 1985.

He’s right. Your home is a liability. It takes money out of your pocket. So he said buy a smaller house. yes renting will cost you more in the long run, even if you pay pros to fix everything.

You don't see rich people work anymore.... they have stocks...

System is totally rigged...

Good one Johnny. Keep spreading the wisdom. I have another lie that we hear almost every day, "Diamonds are very rare" and that an engagement ring should have a diamond and cost 3 months salary. Thank the diamond companies for making that one up.

"Your home" is your biggest liability. It has been what has kept most people working until they drop dead. Now, it's student loans for the "opportunity" to work in your chosen field. You never actually "own" a house. The govt can always take it away because of unpaid property taxes.

For the last 10 years, I refused to buy a primary home and put most of my saving into real estate investments and stocks. I lost big on stocks (2001 tech bubble and 2008 GFC). I finally brought a modest house due to pressure from parents and wife. I love living in my house in an upscale neighborhood. Save and invest and then enjoy life. Now at age 47, my 401k is almost $1 million and my home is $1m and investment properties $3m. Most people doesn’t have discipline and financial knowledge to invest. Buying a modest house is a decent investment.

It's crazy, you work hard to get a mortgage. And then the banks end up selling your mortgage. We are all suckers. Retirement communities are making a killer too.

America is expensive. Their houses are timber frames with plywood / plasterboard cover. The cheapest material to build a house. Wooden dwellings are not allowed in most parts of the world because of their susceptibility to fire and termite damage.

The American dream is the American nightmare.

We don't have 30 years left. We barely have 10.

As a landlord, I approve this message. As a home owner, I do not. Where I live, the math is in favor of home ownership over renting.

"That's why they call it the American Dream, because you have to be asleep to believe it." -George Carlin

100% agree. I don't know why people don't know this or waking up.

Like Carlin said, "... you gotta be asleep to believe it".

what shoild be discussed is property taxes. if you pay property taxes- all home owners, then you do not own your home and never will-sam owns the home.

Life is short, we only have 1 life to live. When we die, we can’t bring our money and house to our graves….enjoy our life with what we presently have and be grateful for what we have…..stop living a stressed life trying to pursue the so-called American dream!

The requirement, stress and/or inability to sell a house often prevents people from even CONSIDERING job promotions, career changes, and other major life possibilities. This impact to their finances and quality of life can be immeasurable!