When Saving for Your First Home, "Every Penny Counts."

By Chrisjob

Have a looksee at this article from Sunday's New York Times. (Yes, I did complete the crossword puzzle.)

Christine Haughney details the experience of four homebuyers struggling to save up for a home in a city where the average Manhattan studio costs $450,000.

Unfortunately, the article concludes, there's no magic involved. Spend less, and save more, and when you want to make a purchase, continually remind yourself, "I want a home."

Tagged:
homebuying real_estate money finance save nyc new_york_times

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July 30, 2007

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tmgeorgo

July 31, 2007

What's so unfortunate about the article conclusion? That's real life, man. I saved up for my house and cut all sorts of unnecessary spending to build up a down payment. About 2 months into the process, I found that I didn't miss buying things at all.