RE: I have several clients (recent grads with good jobs paying 50 to 100K that were too young to buy the last few years but lived with Mom&Dad while banking 50K to 100K in cash over the last 4 years. Not everyone was irresponsible. There are plenty of responsible folks like many of the Piggs that were raised right.

No doubt they are responsible, but it will be quite a shock to go from no house payment/utilities with a large cash hoard being able to afford ipods/iphones/etc to being broke debt slaves with $2000+/per month house payment and utilities. A single person making 50K clears only a little more than 3000/month after tax, taking on a 2000 payment is absurd. When I graduated and was making low 40’s, my realtor strongly recommended borrowing no more than 100K, of course he was old school and that was a different time and place when it was still in vogue to actually pay your debts. Even at that I regretted buying a house, MOBILITY is key when you’re young (and especially when you’re single, but that’s a different story)
Rant off