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Homes that size do make sense for some people.  One of the problems with them is the "most people will want a bigger house eventually."  In a normal housing market - where home prices go up at the rate of inflation and not like they did in the last decade - it may take 5-7 years of owning a house for it to make sense over renting.   Many people would outgrow that house before that time is up and they would have been better off renting.  If an 800 square house will fit your forseeable needs for 7 years it may make sense to buy one.

posted 3 years, 4 months ago
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Homes are not quite cheap enough to be considered affordable to buy yet and the govenment seems to be doing everything it can to keep it that way. Having the $8k buyers credit, low interest rates and FHA loans with only 3.5% down all are being done to keep house prices from falling to fast which would cause more foreclosures and possible bank failures.   What we need to have affordable housing is to do away with all those programs and let the market take care of itself.  Home prices will drop severely, there will be lots of foreclosures and many people will lose the homes they paid too much for.  The end result after the pain will be affordable housing. The way we are doing it now will have the same end result but take many more years to do it before a recovery can happen.

posted 3 years, 4 months ago
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