Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

8 of 65
BACKNEXT
Tomas Billitti: Seeing the silver lining
Tomas Billitti: Seeing the silver lining
Tomas with his girlfriend, Lani
IT project manager, 31, Aliso Viejo, Calif.

My girlfriend and I have solid incomes and large savings and 401(k)s with zero debt. But with the real estate prices rising beyond reach here in Southern California in the last several years, I wondered how I would be able to afford to buy our first house.

In some ways I am glad the real estate market is crumbling because now real estate is more affordable and it has become a buyers market. We do feel the pains of rising gas prices, bills, etc., but we don't live beyond our means and keep on target with our financial goals.

If anything we are looking for good opportunities in a down market. We don't expect to be victims of downsizing anytime soon, but we are well prepared if it should happen.

NEXT: Marc Albert: Down, but not out
Last updated November 15 2009: 6:21 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Most valuable car collection ever auctioned In total, the 'Pinnacle Portfolio' is the most valuable group of cars from one collection ever sold in a single auction. More
This is how far robots have come since the 1930s Are robots catching up to humans? Yes. Should we be scared? Find out! More
The median home price is $236,000. Here's what that buys you The median home price climbed to $236,400 in June, according to the National Association of Realtors. Here's what that will buy you across the United States. More

Special Offer