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"The problem is there are very few affordable homes being built."

Perhaps the problem is that you seem to be only considering new construction and didn't consider the many affordable existing houses and condominiums, or perhaps you have limited the neighborhoods you are considering.

There are many affordable neighborhoods inside the Beltway, particularly if you consider existing housing, or if you rent while you establish yourself in your career and save up for to buy a house or condominium. Most of us did not expect to be able to buy a house in a major metropolitan area just five years after graduating college, but assumed that was something that we would be able to do after saving and working for a longer period of time, or after having first invested in a small condominium in a converted building rather than expecting to buy a large, luxury condominium in a new building in a fashionable neighborhood.

by JW on Dec 1, 2008 5:24 pm • link • report

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