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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Rutgers who wrote (27869)3/7/2005 12:33:37 PM
From: TradeliteRead Replies (1) of 306849
 
Yeah, it's safe to say these kids all had some financial advantage from the beginning, so they didn't start out with any debt--that was my point.

But now they appear to be working hard, living cheaply, and making good money, especially the girl, who seems to be in constant demand from employers in a specialized area of work and, according to my son, has been heavily recruited and very well compensated from the moment she graduated, which can explain the early purchase of a condo.

Another explanation for their early home ownership could be the fact that real estate actually can be affordable in their towns. We're not talking about New York City or LA or Wash DC, and we're not talking about areas where land is scarce enough to prevent loads of new construction.

The fact that young people are willing to take on the responsibility of home ownership so soon--when they'd probably rather be out partying-- is the surprising part.
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