Friday, September 26, 2008

The house search

While the official house search is way down the line (years till purchase)... I'm sad to say that a lot of the places and area's i was looking into have gone off the market... They just don't want have the place sold for what its worth... which is less then they paid...

the average House in this area is around the $400,000.00 price right now... (once 600-700,000.00)

The condo's were going for 250,000.00... (once 375,000.00)

The government says with 3% down and my current income of $40,000 I can afford to finance $174,000.00... but i'll but 20% down to avoid PMI... I wonder if that's really affordable or not...

Im a long way from looking, touring, and buying... but it's interesting to see what THEY think you can afford... lol...

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