Owning a Home

 

I have heard from several news outlets like CNN, FOX News, CBS, MSNBC, and ABC that the AMERICAN DREAM is no longer available to Americans, especially when it comes to home ownership.

They blame the reason for this on low wages and the high cost of living.  Both of those reasons are accurate - wages are low and the cost of living is high, especially in the SOUTH.

However, that has never stopped the low wage earners in Tennessee from buying a house, like the people in the north and other parts of the USA claim it does them.

People in Tennessee and I would assume in other states as well, buy cheap homes as a starter home, usually around $50,000.  Then after five years, they upgrade to a $100,000 home.  Again, after five years, they upgrade to a $200,000 home.  Five more years go by and they acquire a $300,000 that they live in for maybe ten years this time before buying a $400,000 home.

After twenty-five years, they are now able to afford a really nice home.  When I say really nice home, a $400,000 home in the south is like buying an $800,000 to a $1,000,000 home up north or out west in California.

It is my guess that those who are bitching about not being able to buy a home, are those who want a $200,000 to $300,000 home from the getgo and who have no desire to pay their dues.

People in Tennessee especially East Tennessee, work as electrician, carpenters, bank tellers, retail clerks, etc.  and have no problem buying themselves starter homes.

Tennessee is one of the lowest wage-earning states in the USA and yet home ownership is never out of the question either as a single person or a couple.

This is one of the reasons why I don't trust or believe mainstream media news outlets.