It’s the American dream to own your own home, well it surpasses America, I think it is something everyone wants. I see a lot of people, (like everyone on HGTV), who thinks that they need granite countertops & hardwood floors, even if it’s just their first house. Then they go out & fill all the rooms with brand new furniture to match the granite countertops & hardwood floors. Our parents & grandparents use to have to save their whole lives to get their dream houses, but we just seem to get in trouble with credit.
There’s a term in real estate called house rich & cash poor. So many homeowners end up in this situation because they go for their dream house right off the bat, or they underestimate how much all the expenses that come along with owning a home will be. It’s ironic because if you don’t explore your options you may end up losing the house & furniture that you have worked so hard for & dreamed of for so long.