A Cuban woman living in the United States has sparked a lively discussion on TikTok by questioning the traditional notion that owning a home is a cornerstone of the so-called "American Dream." In her viral video, user @yanimg30 responded to a comment suggesting she should move to “your own property” instead of continuing to rent. She argued that if everyone could own a home, rental companies wouldn't exist. "That's what everyone would want," she asserted.
She further explained that she does not adhere to societal pressure to own a house by a certain age. "The American Dream," she stated firmly, "is earning enough so that paying a mortgage isn't a constant burden."
In her view, it's not just about owning property. "The American Dream also means being able to live life, go out to eat, and vacation comfortably while still affording your home," she added. "It's about sleeping soundly at night, not stressed over mortgage payments."
Challenging Financial Norms
The Cuban woman also criticized the trend of excessive debt and income manipulation when dealing with the Internal Revenue Service (IRS) to secure loans. "Deceiving the IRS about your income only deceives yourself because you won't be able to repay the loan," she warned.
Regarding household finances, she believes it’s unnecessary for couples to combine their incomes to buy a home. "In a marriage, one person should earn enough to cover the mortgage and household expenses, so you’re not living paycheck to paycheck," she explained.
Varying Views on the American Dream
The video has evoked numerous reactions, with many agreeing that the American Dream isn't uniform. "That dream doesn’t apply to everyone," commented one follower. Another added, "For me, the true American Dream is owning a business and being financially secure." In cities like Miami, where real estate prices are exorbitant, renting remains a viable option. "Rentals offer freedom," another user remarked.
Real-Life Experiences: Success or Regret?
This reflection joins a chorus of other Cuban voices in the U.S. sharing their experiences with homeownership. A young woman celebrated buying her first home after enduring three years in a trailer. "Living here for three years allowed me to say goodbye to the trailer and hello to my new home," she shared on social media.
However, not all stories have happy endings. One Cuban woman described her 2024 home purchase as "the worst mistake of her life," regretting that "none are worth the asking price, and no one tells you that." She mentioned unexpected tax hikes due to neighborhood improvements that caught her off guard.
Another Cuban, who purchased a $600,000 home in Pembroke Pines, was blindsided by the need for major renovations, loss of home insurance, and monthly payments soaring to $5,000. "It's tough," he confessed in his TikTok testimonial.
As others offer advice for those settling in the United States, one creator warned, "America is the land of stress... Don't take on debts you can't afford."
The debate over renting versus buying continues to divide opinions. For many, homeownership remains a symbol of success and stability. Yet for others, like the Cuban woman whose reflection went viral, the true American Dream might be achieving financial peace without debt-induced anxiety.
Exploring the Realities of the American Dream
Is homeownership essential to the American Dream?
Homeownership is traditionally seen as a key part of the American Dream, but perspectives vary. For some, financial security and a debt-free life are more important than owning a home.
What challenges do new homeowners face in the U.S.?
New homeowners often face challenges such as unexpected costs, higher taxes, and the need for renovations, which can strain financial resources.
Why do some people prefer renting over buying a home?
Renting can offer flexibility, lower initial costs, and freedom from long-term financial commitments, making it appealing for those who value mobility and financial flexibility.