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Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: Re: Am I on track? Date: 2/4/2008 8:38 PM
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The 80K you have now wouldn't be enough to put a down-payment on a house in most areas--and consider that less than half of that is outside of your retirement account.

I'm not sure where you're getting your data on house prices, but assuming a 20% downpayment, $80k would be enough for a downpayment on a $400k house. The national median price (half higher, half lower) in Q3 2007 (Q4 figures not yet published) was $224,900. (http://www.realtor.org/press_room/news_releases/2006/mhp_2006q3_sales_confirm_market_transition.html)

And prices are dropping. Even $40k should be able to provide a 20% downpayment to buy nearly half of the homes in the US.

AJ
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