The American Dream or American Memory?
With an overabundance of homes for sale and interest rates at an all-time low, some consider this to be a buyer’s market. The idea of owning your own home is romanticized, primarily by real-estate agents, and the feeling of being a “grown-up” is associated with owning your home. But, has this ideal reached a reality which directly contradicts the “American Dream?” Really, what is “The American Dream” anymore?
Yes, interest rates are extremely low. However, you can expect to pay a higher down payment when purchasing a home due to the current mortgage crisis. In an uncertain economy, the long-term obligation and additional responsibility can leave limited room to maneuver. Many seeking the dream of home ownership view the rising costs of insurance and property taxes as a roadblock.
Those choosing to rent are finding comfort with fixed payments. Limited commitments offer flexibility. A low initial investment is also appealing. Many would-be homebuyers are intrigued by move-in specials and are drawn to the benefits of apartment living. The service package of today may often include concierge services, on-site fitness centers, planned social activities, and retail outlets. Combining stylish interiors, open floor plans, home offices, beautifully landscaped exteriors with maintenance-free living makes it is easy to see why renting is a viable option.
Since 1970, many have turned to 1st Lake Properties, Inc. As the largest developer and manager of multifamily communities in the State of Louisiana, 1st Lake Properties provides an optimum living experience. Whether seeking traditional or corporate extended stay accommodations, you will enjoy an ideal living experience. Premier apartments, exceptional service and a firm commitment to the highest standards of quality have made 1st Lake Properties the industry leader in the New Orleans market. ✦
