Young Couples Excited as House prices fall; Shopping

Recently I went to a Christmas party where several couples in their twenties were present. Yes. I do find it helpful to stay up with the hip ways and such. These couples were all excited about looking at homes in various parts of Madison, and even had looked in Evansville. They were very moxie about the style of home they wanted, the price, and yes the interest rate that they could afford.

I was pleased to see that each and every one of them knew the rule of asset deflation: "Every day and every way things are getting cheaper." Each couple was excited, but not in a rush to buy, but rather very intent on getting an affordable house.

Getting out of the house is wonderful. I had been surrounded by local thinking that it is important to rush to purchase large improvement projects because even though the community cannot afford the costs, it will always be more expensive in the future. Those young couples were saving their cash and determined to get the best value. They were also determined to not buy more home than they could afford long term. How refreshing.