American Dream Ã¯Â¿Â½ PAGE \* MERGEFORMAT Ã¯Â¿Â½1Ã¯Â¿Â½
Running head: AMERICAN DREAM
University of Phoenix
Aug 27, 2006
Throughout history, Americans hoped of having a piece of the American Dream. The American Dream is a dream connoting hope for prosperity and happiness symbolized particularly by having a house of ones own. In today's market place, only 14% of Californians are able to achieve this dream. (Lansner, 2006) This has resulted in an increase in renters, rental owners seeing an opportunity to make money, and the rise in the cost of rent. Rent control would be an effective way to keep rent at an affordable rate in our community. As a manager in this rental industry, these issues have had a negative impact on my views of this changing market.
As the price of homes become out of reach, I have seen a drastic rise in the number of people looking at renting apartment homes.
My job as an apartment manager is to rent apartments. This has become increasingly difficult over the past year. However, there is a definite need for available apartments due to the rise in rent. In the past six months, I have found there are less people able to afford the new rent increase. As leases come up for renewal, tenants have to pay higher rent rates, which force many renters to find more affordable housing. In my complex, the owners have increased rent 9%. Rent accounts both directly and indirectly for almost 30% of the overall consumer price index, and is one of the main forces pushing prices up. (Porter, 2006) On the other hand, since the price increase is not limited to only my complex, there are also those renters who have found they...