As long as we're talking about the economy, we might want to address the concerns many have with mortgage lenders. Right now, interest rates are down. Often, this translates into more difficulty in obtaining loans because lenders can't get the return on the loan that they'd like to get. However, with a little shopping around, a home loan is still obtainable.
For younger people, buying a home really is a good investment. At my age, it's not possible to pay one off before I hit the grave. But my children can do this with no problems. They've got many years ahead of them. The thing that always concerns me is when a young person or young couple buys a home with intent of making money selling it in the near future. To me, a home is for living in, for raising children in, for welcoming grandchildren in. When someone buys a home with the intent to raise a family in it, I think the value of it is far more than dollars and cents can measure.
Even if, at some later point, they decide to sell and move, the love they've shared in that home and the care they've given it will make them winners. It will also help garner buyers who are interested in a home as a home and not a commodity.
