USA Today is reporting that new home sales have dropped - again - to their lowest point in some sixteen and a half years. Well…duh. Is anyone surprised by this news? We have a horrible economy and that certainly isn’t helping, but has anyone actually looked at the price of a new home these days? It’s outrageous! That is, of course, unless you want to live in the Ozarks somewhere or unless you have Mommy and Daddy money paying for the home.

Speaking for young adults in New Jersey, it is almost virtually impossible to buy any home (new or used) that is on the market. Property taxes, car insurance, student loans, groceries, gas, cell phone service, cable service - everything costs way too much money per month for anyone to buy a home. For a young, single guy like me bringing in a one-person income - forget about it! But I even know married couples who are having a hard time putting together enough money to buy a home in a place where they actually want to live in this state.

Times are tough and it sucks.

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