Grow up

Here is something crazy: according to a survey published yesterday, only 30% of Americans feel that now is a good time to purchase a home.  This is an all-time low number.  What gives?  Home price appreciation is almost double that of the going interest rate.  The Unemployment Rate is at a meager 5.0%, and the Job Openings report out today shows that there are currently more job postings than at almost any time in history.  So what’s the hang-up?  Pessimism?  Non-committal?  Mom still doing your laundry?  Whatever it is, it’s rubbish.  Study after study show that home ownership is the number one fastest way to financial freedom and a major determinant of long-term emotional well-being.

So man living in Mom’s basement: it’s time to grow up.