March 9th, 2010
Home Affordability: Myth or Reality?
For many young couples, the idea of owning their own house just like their parents is an attractive idea, but its not very realistic. A recent poll conducted by the Associated Press and America On Line real estate showed that 80 percent of respondents believe that it is hard for first-time buyers to afford a home. A majority of those polled " 59 percent " also said that they believe it is harder to buy a home now than it was five years ago.
Taking a closer look at the poll reveals that young adults and those that classify themselves as minorities consider the affordability of homes a bigger problem now than five years ago, compared to those over the age of 50 and those that identify themselves as white.

