I spent the day looking at potential places to buy, and what I found was rather shocking. Ranging from “the low end” of around $340K to the upper end of the “high $400’s” I saw a huge swath of places that neither seem to be worth that much nor a good buy. Yet, looking at the housing market, it appears this is really the lower end of the good stuff. Yikes! How can anyone afford to buy stuff any more?
As if that wasn’t enough I decided to fire up Money 2003 and feed it 3 to 4 months of financial data (mine of course) to see if it could tell me what I can really buy with my cash. What did it tell me? That I’ll be out of cash by July and that I spend more per month than I bring in… oh, and that my target price for a new place should be no more than $165K. I think that this is all some big, sick joke on me somehow. Only time (and cash flow) will tell for sure.