[bcrdukes]

There are a lot of first-time home buyers who are in the market for a 1 bedroom. They are often more easier to sell. Building equity for a down payment to move into a step-up is often harder, but not impossible. You'd likely have to live in a 1 bedroom for a few years, let it appreciate, sell it, and then take the equity to move into a bigger place. Unless the bank of mom and dad are available to loan you a 20% - 40% down payment interest free, it's not easy. But then again, 99% of the population on Revscene earns over $250K annually.