It appears to me, and it has for quite some time, that the health of the real estate market, no matter where we are in the nation, is really based on the ability of first time buyers to invest in thier first home.
Everyone has to start somewhere. And I have found myself wondering how first time buyers were going to be able to survive in this market or even get into this market if it continues to skyrocket. Although I am all for equity building and the like, there really needs to be some focus on creating affordable housing options for first time buyers. Condo conversions are good, but they aren't everything.
What do you all think?