First time Buyers are stealing equity. Those of us that bought on the mid 2000's...not so much. With the Buyer's market we are experiencing, and the phenominal interest rate, these first timers may not even know, or care, that they are hoarding equity to come. If you have a decent job and can buy your first house....get on with it. I wish I was in a position to buy....course.....I'm one of those that bought at the hight of the market. Sigh.