hey everybody this is Eric....im 28 years old, married and finally own my home. I live in ohio so the cost of living is much lower than Cali or FL. My advise is of your going to buy a home...DO IT NOW! The reason I say this is because the house we bought is a historic 100 year old 2 story colonial brick house that was flipped. The guys that flipped this house about a year and a half ago wanted $150k. We got the house for $84k and he paid closing cost! We got a heck of a deal for this house. And we qualified for a 1st time home owners program that paid our downpayment! Interest is low...3.5% the 1st year, 2nd year 4.5% and the 3rd year 5.5% and it tops out in the third year---30 year FIXED. No ARM, No balloon payments! Interest is very low right now...if your young and you think you can afford a house payment I advise to do it. Its well worth it in the long run when the market picks back up.

That is a good question. It really depends on how good their credit is and if they're in the process of rebuilding it or not.

In the old days, it’s so easy to get a house because they don’t cost that much. The economy is also much simpler. Now, everything has change. I wonder what chance could a couple have of getting a house for them. Is it true that is better for young couples to stay with their parents?