re: Buying a first home

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No its not, it's meaningless...he bought a house to live in that he's trying to think of as an investment equivalent to being in the market when it's not.

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If we're still talking about poster dustinm27 I saw nowhere in his post where he made such a claim. Here is the quote:

"I'm 24, bought my first home in BR over a year ago. Bought it at 186k with 5% down. Now only a year later, other houses in my neighborhood with similar sq ft and condition are going for 205k.

I am no longer wasting money on rent, and I will likely have a nice return when I go to sell.

I see nothing equating the stock market/mutual funds/bonds/etc... to him selling his home.

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Did you buy the house to live in or as an investment? Are you selling? After you sell are you going to rent or buy a comparable house at the new higher prices or downsize into a smaller house or move somewhere out in the burbs where houses are cheaper?

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Both, as most homebuyers generally do. I'll always listen to offers, but at this time nothing out there that excites me. I would build new construction in the same zip code and school district I'm currently in, but probably add a little square footage and be closer to 4000 sq ft. As far as pricing, that's not fair in my scenario,one of my best buds is a custom builder who still gets NVR pricing from his relationships when he worked there. I'll admit that aspect plus my market does skew my opinion. Fortunately I'm able to pass some of that along to my clients if they go that route as well.