There is no doubt in anyone's mind that the recent increase in fuel, food and retail prices has affected everyone's budget.

Purchasing a home in the Richmond, Virginia area may be a good way to reverse the affect of inflation on your housing budget.
 
You cannot rent today for what you could rent a home for 30 years ago or even 10 years ago. Your house payment will not increase but your rent will continue to increase over the years.
 
You cannot buy a home today for what homes sold for 30 years ago. A home's value will, in time, increase in value. I know that currently many real estate markets have under gone price corrections and values in home have declined; but this is a temporary phase. Home values will rise again. Statistically homes values increase by an average of 1% per year over a 30 year period.
 
By selecting a mortgage loan with a fixed interest rate, you will know what your housing costs will be for the next 30 years. FHA offers fixed rate loans and is A Viable Option for those considering a home purchase.

Remember, once your home mortgage is paid off (home mortgages can be paid off early without a huge impact on your budget or investment) you will be leaving rent free!