Quote:
Originally Posted by jimhoward
Homes have always been out of reach for some buyers. The home ownership rate in the US, while down from its peak a few years ago, is slightly higher now than it was in the 1970s. But, the variation is small. It has hovered around 65% for the past 50 years.
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Problem is politicians think everyone should be able to live in a house. As a result credit becomes easier to get and people are able to buy what they cannot afford.
If people want to have more they can always work harder and get a second job. That is how my parents bought there first home.
In the long run let the market determine housing prices.