The American Dream...A Lie

Debt is sin. Proverbs 22:7, 1 Corinthians 7:23, Romans 13:8
Creditors [SLAVERS] are NOT your friends. 1 Timothy 6:10, Luke 16:13

The Great American Dream...Is a LIE.

“And He said to them, ‘Take heed and beware of covetousness, for one’s life does not consist in the abundance of the things he possesses.’” (Luke 12:15)

The ‘American Dream’ of owning a home is propaganda perpetuated by slavers. Unless one owns 100% of the home, one is a slave...chained to a piece of land.
Let us consider ‘Jack’ and his neighbor ‘Jill’.
Jack lives in a quaint 2000 square foot house, with a yard. Jack purchased the house for $200,000 with $20,000 of his savings and a 30 year fixed rate mortgage at 5.26%. Jack actually ‘owns’ 10% of his house and yard. According to amortization schedules (using a mortgage calculator at Bankrate.com*), by the time Jack pays off the loan on his house, he will have paid $198,000 in INTEREST. That means Jack will pay $398,000 for a $200,000 house. Jack, a slave for 30 years, will PAY for the PRIVILEGE of being a slave. According to Bankrate.com*, “Generally speaking, owning a home imposes larger monthly costs than renting because you need to pay the costs of maintenance, improvements and property taxes, as well as your mortgage.” "Owning a home requires a lot more effort on maintenance than renting does."
What they are saying is that Jack, the slave, has the privilege of PAYING for all associated costs for the home he does not own. Jack pays the property tax, mortgage insurance, homeowner’s insurance, and hazard insurance (this is another $200 to +$500 PER MONTH). Additionally, Jack gets to pay for all maintenance and upkeep. If the water heater breaks, Jack pays to repair or replace it. When the house needs painting, Jack gets to pay to paint it. New carpet, Jack pays. Kitchen remodel, Jack pays. Need a plumber, Jack pays. Roof repair, Jack pays.
Jack IS ALLOWED the privilege of paying for ALL the expenses related to the house while he pays twice what the house cost, to call it ‘his’.... That is the ‘American Dream’.

Jill, on the other hand, rents a house. She does not own it, and she knows that. Her costs are rent, and renter’s insurance. She does NOT pay taxes, mortgage insurance, homeowner’s insurance (renter’s insurance is considerably less than homeowner’s - it covers her belongings, not her belongings AND the house and yard). Jill does not pay for maintenance or upkeep. Water heater breaks call the landlord. House paint, call the landlord. Need a plumber, call the landlord. Need roof repair, call the landlord. While Jill may not get the ‘perfect kitchen’, just the way she wants it, if it does require remodeling, call the landlord. Jill gives up the the ‘American Dream’ dream, and gets freedom. Unlike Jack, she can leave, with appropriate notice, anytime she pleases. Jack is tied to the property until he sells it.
In 29 years, 11 months, and 29 days, Jack will own 99.9% of his house. He will still be a slave to the owner of the other 0.1%. If he fails to make that final house payment, the slaver can TAKE the house from him...legally, leaving him with nothing. That IS the ‘American Dream’.

An acquaintance recently decided to sell his house in California. He was having trouble making ends meet, because his health is failing. He wanted to ‘make a bundle’. By the time he sold his house, and paid off his mortgage, he did not ‘make’ the ‘bundle’ he expected. In fact, he has moved to Nevada so he can afford to go back into debt slavery with a ‘new’ mortgage. He has left friends and family. He has relocated to exchange new freedom for slavery, all so that he can live in a house that he calls ‘his’ but doesn’t own. His equity from his house sale, if invested, plus his ‘stipend’ income, would allow him to rent where he was almost indefinitely. His ‘answer’ to this was his adamant desire to “die in a house I own”. He never will. He will die in a house the bank owns.
Think about it. He had to move to another state for the PRIVILEGE of dying a slave.
IF one does not own 100% of something, one is a slave to whoever owns the rest, whether it is 90% or 0.1%.

Creditors are not your friends they are slavers. When was the last time a ‘friend’ walked up to you and said, “Hey, do want $5000 or $2500 or even $300?” If you need it, don’t you have to humble yourself, and go beg a friend, family or acquaintance to borrow $20? How many TV commercials do you see a week about credit, ‘buy now - pay later’, home loans, refinancing, equity loans, or debt consolidation? How many times a WEEK do you get an offer in the mail for a credit card, mortgage, refinancing, or ‘home equity’ loan? Why would complete strangers offer you money?
Simply, they want to OWN you!
It is seductive it is subliminal it is persuasive and pervasive. It is in the world, and of the world...all for the privilege of becoming a slave. All of this is for the single purpose, to enslave.

*[PLEASE NOTE: Bankrate.com is a SLAVER’s site. Use of their information is NOT an endorsement. The information was used to provide an accurate mortgage example.]