“Real estate is probably the best investment any young person can make,” says Yadiris Ferreira, 29, who bought a condo last month in Pembroke Pines, Fla. Still, her mortgage, including homeowner association fees, totals $1,800 a month—more than half the money she takes home as a high school math teacher. “It’s crazy,” Ferreira concedes. But, she explains, “If I didn’t buy something soon, it was going to get to the point that I couldn’t afford anything.”
Really sad: she bought a condo at the peak, and she also bought all that Realto-logic [TM] slogans about RE being the best investment and that you better buy now or be priced out forever. And she is an educated person!
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