Dream House or Nightmare?
Daniel McGinn is a national correspondent at NEWSWEEK and the author of "House Lust: America's Obsession With Our Homes," to be published this winter by Doubleday. To preorder it, click here.
© 2007
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Member Comments
Posted By: woody_alan @ 11/19/2007 2:52:44 AM
Comment: *** ur house, and *** ur couch too bittch....i cant sell mine either, *** my house, i'm losing money and sleep, i shet on this market...
Posted By: rogerally @ 11/08/2007 1:03:25 PM
Comment: Any buyers? At 35k below market, I'll sell for $715. Live here worry free. rogerally@comcast.net
Posted By: Paul_S @ 11/06/2007 2:37:36 PM
Comment: The vast majority of homes in the United States are already priced at or near historic averages of two and a half times median income. I believe in the dream of home ownership, but I think much of the disappointment around high median home prices centers around areas most people simply do not qualify to live.
The promise of home ownership doesn't mean beach home, luxury condo, or 10,000 square feet on100 acres in Charlottesville, VA. Bottom line is housing is priced about right. It's time for people in highly desireable locations to adjust their expectations, and possibly relocate to places they qualify to live in.