The real estate market is ridiculous these days. Even a dump costs way more than it should. What can a young adult do if they want to buy their own home? Save, shop, and still be rejected. The choices are unaffordable or uninhabitable. No one is building starter homes anymore -there's not enough profit in it.
I hate to sound like a geezer, but the first house I bought was very much like the fixer-upper he was shown. I spent tons of time and money fixing it up little by little, and still lost my shirt trying to sell it after the housing bubble burst. And now I have a kid moving back in with me because her rent's too high, even with three roommates. -via Digg