[NYNick]

I hear about this problem from my sons. Their friends can't find houses they can afford where they want to live. I remember very well that I couldn't either back in the late 1970's. Everywhere I looked where I grew up was too expensive. Many of my friends NEVER bought a house.

So I resorted to looking off the beaten path where things were cheaper. As I got further away (from NYC) RE got les expensive and more affordable. Yes the commute was a lot longer and it was more inconvenient, but it was more what I could (barely) afford. It was difficult for our boomer generation as well. I bet Anthony remembers. I seem to recall my father struggling to afford a house as well.

I think the younger buyers are complaining about prices where "they want to live" as opposed to where "they can afford to live".

"You can't always get what you want", says Mick.