Ibel Martínez, a Cuban investor residing in South Florida, shared with his followers on social media his vision on the meaning of the "American Dream" and how financial success does not always mean owning a home.
In a message directed at those living in rented apartments or renting houses in Miami, Martínez provided recommendations on when is the best time to buy a home.
It started with words of encouragement, reminding those who rent that they should not feel bad for not owning a home.
"Don't let anyone make you feel bad if you don't have a home. You should only buy a house if you are ready," he stated emphatically.
This reflection arises after learning about numerous cases of people who, due to social pressure, buy a home without being financially prepared, which can lead them to complex situations from an economic standpoint, and also to instability within the family.
The investor points out that, in many cases, those who buy a house without preparation end up creating one or more efficiencies within the property to be able to afford the mortgage payment.
In their opinion, this type of situation is far from what financial success should really represent in the United States.
"They have sold us this dream, the completely false American dream, that to be successful in life, in this country, you have to own your own house. But that is a lie," Martínez stated.
One of the key points he mentioned was the risk of becoming overly indebted by trying to meet the societal expectation of being a homeowner.
"If you have to have a house and you have to make two or three efficiencies to be able to maintain it and pay your mortgage, then that is the American nightmare."
The term mortgage refers to the loan that a bank or financial institution grants, over a medium or long term, for the purchase, repair, or construction of a home, commercial premises, etc.
Martínez invites reflection on true financial priorities and how the purchase of a house should be aligned with prior economic stability.
His advice is clear: Do not rush and continue saving until you are completely prepared to move forward and fulfill that dream. In his case, he recounts how he spent more than a decade living in the same house, which he paid for in full before moving to his new residence.
"It took me almost 18 years from the time I bought the first one until this moment, last year, when I moved into my new house," he expressed.
The investor concluded his message with an important reflection: "The American dream is having financial freedom, feeling good about yourself, with your family, and having money in your pocket," he emphasized.
What do you think?
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