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BlueGTS · 02-05-2009, 08:48 AM

Jim, I agree with your sentiments 100% but you have to understand that housing over the past 8 years is nothing like it was in the years prior. That is to say pre-2000 you could by a first home at 2x - 3x your yearly income. After 2000 that number has jumped to 4x to 5x your yearly income. The cost of houses now really makes 1st time home buying a challenge. Add to that how much you have to put down now a days and it is a daunting task. With that said, I do agree everyone should jump in as soon as possible as it is the right move.

02-05-2009, 08:48 AM	#54
BlueGTS Join Date: Oct 2008 Posts: 38 iTrader: (0)	Jim, I agree with your sentiments 100% but you have to understand that housing over the past 8 years is nothing like it was in the years prior. That is to say pre-2000 you could by a first home at 2x - 3x your yearly income. After 2000 that number has jumped to 4x to 5x your yearly income. The cost of houses now really makes 1st time home buying a challenge. Add to that how much you have to put down now a days and it is a daunting task. With that said, I do agree everyone should jump in as soon as possible as it is the right move.