How We See It

Buy a Dream Home, Not a Haunted House

by Aaron May

We work, we save, and we plan all of our lives to achieve "the American Dream." Landing the dream job, getting married, and having kids helps bring the dream into focus, but hanging out in front of us is the dream of homeownership. There is nothing quite as rewarding as staking your claim on a plot of land and calling it "home."

However this dream has taken on a nightmarish dark side. We all remember the struggles many of us faced when the housing market collapsed in 2008. A study taken at the time revealed that 1 out of every 200 homes was in danger of foreclosure. Many homeowners faced a tipping point due to job loss, illness, or lack of planning, which resulted in 85 percent of respondents admitting to missing one mortgage payment and 50 percent being two months behind. To make matters worse, most of the respondents had no savings and no available credit. What was supposed to be a blessing and a claim to a stable future turned into a trap that left many scared, depressed, and angry.

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