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**Peterli** · 08-04-2007, 12:45 AM

do you think this means that in the future people who dont have houses could never afford them tho?

That's absurd. If "no one" could afford them, then the people selling them would reduce the price until "someone" could. For every house, there's a buyer and a seller - you would never have a situation where "no one" could afford them.

And, FWIW, I'm 26, single, and looking to buy a place in the $250K - $300K range this summer. Something tells me that half a million is not out of the reach of an alarming set of families in the US. And, what I'm discovering is that my area is very much a buyer's market right now. The appreciation of houses has very much cooled off, and a lot of them have been on the market for a while with sellers reluctantly cutting prices.

That market will always correct itself - if home values start to sky-rocket, then people who got in will make a pretty penny... unless they wait too long and the prices begin to fall because they're over-inflated.

08-04-2007, 12:45 AM	#14
Peterli Join Date Oct 2005 Posts 458 Senior Member	do you think this means that in the future people who dont have houses could never afford them tho? That's absurd. If "no one" could afford them, then the people selling them would reduce the price until "someone" could. For every house, there's a buyer and a seller - you would never have a situation where "no one" could afford them. And, FWIW, I'm 26, single, and looking to buy a place in the $250K - $300K range this summer. Something tells me that half a million is not out of the reach of an alarming set of families in the US. And, what I'm discovering is that my area is very much a buyer's market right now. The appreciation of houses has very much cooled off, and a lot of them have been on the market for a while with sellers reluctantly cutting prices. That market will always correct itself - if home values start to sky-rocket, then people who got in will make a pretty penny... unless they wait too long and the prices begin to fall because they're over-inflated.
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