I have set up my newly-updated Save-O-Meters (see right sidebar). Retirement savings now rest at around $11,400 (breaking the five-figure barrier… it’s like the 4-minute mile!). Emergency saving is at $5,600. Down payment is currently ZERO (which is ironic because this blog is supposed to document my journey toward home ownership… well, I never said the journey will be quick & easy).
My parents might be looking to buy a condo. I went to see a place with them – it’s pretty nice: detached condo, recent construction, gated entry, close to main streets, 3 bedrooms, 3 bathrooms, a tiny plot of land in the back where they can plant an herb garden, and a large 2-car garage with storage space. It’s listed for around $650,000, but has been on the market for a while. Mom said they might be able to negotiate it down to $610,000. That’s probably on the high end of their budget, but we’ll see how it goes.




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