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Originally Posted by Lefazz The problem I see, as a potential home owner, is that as a single person earning about 40K/year, there is no way I can afford a home without putting extreme financial burden on myself. |
If you don't own a house and are not in debt at the moment, this is likely to be great news for you, if you can wait 2 years or so. Just be patient and you'll get a house you couldn't have dreamt to be able to afford. Think how deeply in shit you'd have been if you had bought a house between 2006-2008, think that there are a lot of people that are fucked and will not be back on the housing market for a long long time, that the price will keep decreasing for like 5 years, maybe more and that credit shortage won't last forever.