A new home...

Early last year, one of my oldest friends (old in terms of how long we've known each other) took the leap into home ownership. While, I've owned a home before, it hasn't been in such an interesting economic climate. It also was $65,000 for about 3,000 square feet - or about $22/square foot.

Tomorrow I close on a new home in Colorado. The price puts it at just over $128/square foot. But it's in a part of the country that has a degree of economic insulation. We are paying a little less than the sellers paid for it in 2002. Plus, the sellers already finished the basement - so we are getting about 400 more usuable square footage for less money.

It really helps that interest rates are insanely low and the government is giving an $8000 rebate for new home buyers. I guess my investment in Obama is really paying off!