🚀 go-pugleaf

The greatest enemy of anyone trying to buy a home is their own
desire, or greed if you prefer.  It makes it hard to give up
that new VCR or DVD player, the new car ever 3 or 4 years, the
Tahoe ski vacation or those fine dinners out, especially when 
you see all the other 20-something non-homeowners enjoying them.
Most of us who own our homes now bought them when they were just
as "out of reach" to our then salaries as they seem to yours now;
it meant foregoing a lot of the *other* "good things in life" to
build up a down payment (I decided at about the same age you are
now that I wanted to own my own home, I was 30 by the time I'd 
put away enough to even think about househunting, and the first
place I got was not exactly anything out of Architectural Digest),
but you may as well start now and get used to it, because once 
you're paying a monthly mortgage, real estate taxes, maintenance
costs, etc., you won't be able to afford those things anyhow.

Oh, and yes, the prices will drop, most likely about 6 months *after*
you've bought something and  moved in.  But they'll be back up again
a few years later :)


usenet201@hotmail.com wrote:
> 
> While I am a young 26 year old engineer living the bay area, paid a
> decent wage by national standards, but I still can't afford a home, not
> even a menial condo. My only hope of affording a house (not a mansion)
> is to get rich on stock options. This area seems to breed greed. I have
> never felt so greedy in my life. It seems like the only people who can
> afford to live here are the stock options millionaires and CEOs. I have
> to wonder are prices going to ever drop in this area, or will it simply
> be like New York City, where prices just keep going up.
> Is part of the problem that fact that people who plan on moving out of
> the area waiting, since a few months of waiting could add to profit when
> they finally sell?