Quote:
Originally Posted by Realtor 1
So what do you suggest I tell these early 20s buyers.
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Well as a 20 something buyers here's my outlook:
A home should never be treated as an investment but rather a place to live. I'll buy a home when I can comfortably afford the payments on the type of place I'd like to buy. That way I'm not worried about the market leaving me behind or crashing through the floor. As far as I'm concerned I don't even need house prices to drop to become more affordable. Even factoring in rent my down payment is increasing faster then house prices effectively narrowing the gap betwen the house I want and the price I want to pay.
That and I still believe prices are coming down...