Quote:
Originally Posted by Potty
Yes, but the people currently buying (lots of first timers) are buying at an unsustainable level. There aren't enough first-time buyers to keep up the current levels of sales. And once interest rates rise, sales numbers will dip again.
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Yes there are a lot of first timers buyers purchasing homes right now but why aren't there enough first time buyers to keep up sales? This city's population continues to grow and every single day younger people get older and closer to purchasing their first home.
I don't understand why you think there aren't enough first time home buyers. There will always be lots of first time buyers in the market. Not to mention other buyers.