I’m putting this goal on the back burner. I’m continuing to save, so things are going well in that sense; however, with the general economic instability (recession, inflation, etc), I just don’t feel it’s the right time for me to buy—especially as single person. Add to that the fact that prices haven’t come down as much as I’d like (at least for properties I’d want), and the fact that mortgage rates are rising…and I know it’s not the right time for me to buy. (I’ve seen foreclosure and short sale properties selling for $15-20K over list price; it’s depressing.)

I’ll revisit this goal in 6mo-1yr…and hopefully feel like I’m on more stable ground.

Also: I’d like to give a big “F.U.” to the government re: the whole housing bailout. I feel for everyone in a bad position (and know several people who’re in that predicament); however, I can’t help but feel angry that some of my tax dollars will be used to bail people out of stupid decisions (thus rewarding stupidity) while I sit on the sidelines and try to be smart about entering the real estate market…