Wrath and Derision, Just for Wanting to Buy a Home
It takes courage to admit that you want to buy a home now. In Sunday's Washington Post Magazine story, Take a Deep Breath by Christina Ianzito, Diego and Jessalynn Gomez allow us in on the search for their first home. They finally decided on a townhouse being built in Gaithersburg, which they're buying for about $380,000.
If you pay much attention to some of the comments posted online with the story, and those submitted for yesterday's Web chat, you would think they were trying to pull a Bernie Madoff on someone. Yet this couple seems to have researched the market fully, accepted the risk that prices may decline more, adhered to their budget and -- brace yourselves, here's the root of their madness -- decided to do what they think is best for their family. They even have the audacity to talk about their excitement about the deal, envisioning where their hoped-for children may play someday.
Certainly would-be buyers have plenty of cause for concern about housing values, job security and the rest of this economic mess. But I wonder if they aren't being needlessly driven off by a smug peanut gallery of cynics rooting for an even worse meltdown. How many of those unnamed cynics might actually be cash-heavy investors hoping to drive prices down, down, down until they can grab some deals? Is the nay-saying limited to online forums, or are buyers hearing it from family and friends?
And has buying a home of your own really become such a radical choice? What do you think?
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