Quote:
Originally Posted by bizaro86
Someone just graduating now can't exactly go back to 2003 and buy a house then. A new university grad this may would have been ~12-15 years old in 2003, which would have made getting a mortgage pretty hard.
|
True, but the same can be said about someone who bought in the late 70's boom and lost it all few years later. In 1985 there were a lot of people in financial ruin. That's why houses were so cheap.
We can't just cherry pick these things. RE is cyclical so maybe we just need to wait a few years for it to be more affordable? Or is todays youth unable to wait to get their granite countertops and stainless steel appliances?