Saving For A Home

June 11, 2008 | By Kelley Koehler | Filed Under Odds and Ends

Now THAT’s a novel idea!

I had a nice conversation via that little Plugoo chat box on the sidebar with someone who is saving to buy a home, thinks they’ll be ready to buy in about a year. They were asking whether prices would remain steady or fall, as they missed the bubble before and don’t want to be priced out again.

They were nervous about missing an opportunity but didn’t want to get into a mortgage that they couldn’t afford.

I like these people already.

I tend to be on the conservative side when it comes to money. I don’t ever want to be a slave to my mortgage, and tend to buy well under my approval limits.

Oh, and as far as prices go, in the next year? I can’t see the future, but I would guess we’re not going to see any huge run-ups very soon. In my humble opinion, I would expect prices to continue along their current trend at least through 2008, if not well into 2009.

And to who ever that was on Plugoo – good luck to you! I hope when you’re ready to buy, you have every confidence in your savings and your finances so that you can make clear, comfortable choices.

tags: real estate, savings, tucson

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