Why is land and real-estate such a concern?

September 8, 2006 pinky1

Due to the rapid increase of real-estate, how will the average first time home buyer be able to purchase a home?  Should it our responsibility, as the home buyer to find a solution to this problem?  Who’s responsibility is it to keep the price of homes in an affodable price range?  I think this topic may concern may individuals, mostly the young married couples.  If we want to be able to afford our own home we need to start and prepare now. 

 In recent conversation with my husband, the topic of purchasing a house was brought up.  With the increasing price of real-estate this makes me very concern.  I tend to lye awake some nights, trying to figure out things we can do to be able to purchase a house. I also wonder in two to four years after I graduate will my husband and I be able to afford a house?  Unless our economy increases I think it will be difficult to afford a house.  What kind of sacrifices would we have to forfeit to make ends meet?  If we will be able to get a home loan, would we be forced to get an interest only loan? 

Should we face the fact that land and reale-state will continue to only increase in value?  Is it possible that it could decrease?  I think it would be smart to prepare by starting a savings, and research the best possible places to invest your money as soon as possible. 

Why is issue something that effects most of society?  Could it be due to increase in the population?  Is this a topic that everyone should be concern about?  Some may think, why should I worry about this now? There will be Someone who will come up with something to make the price of homes affordable for everyone.  How can we know for sure? I’m not sure we can, that’s why I think what’s the harm in preparing now for the future?     

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