The first time buyers and home buyers in general should realize that no body is 'working for them'. Almost everyone sitting on top of them is making money out of them. It could really pass on as a healthy eco-system in normal times, but in times of global credit bubble and real estate mania, the ones at the top generally become more exploitative of the others below them.
Some questions that could probably be answered:
Who are the biggest winners if the prices go up? Who loses the most if the prices go up? Can the food chain really survive if the first time borrowers are priced out? What happens if there's an over abundance of real estate agents?
It's too bad that most buyers drink the koolaid concocted by the banks, real estate agents, builders and developers and delivered by the mainstream media.
