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money. Which, yes, is an entirely different point. Going into home ownership with no savings is a bad idea, no doubt there. When we were looking at buying a house we knew what we had in savings to put down on one. The people we bought this house from weren't playing nice on the closing costs, which would be another ~$7k from our savings. Luckily the rebate was extended for the last time, so we just barely snuck in for that. Yeah, we technically "lost" the rebate since it almost all went to the closing costs, but until we knew for sure that the rebate was extended, I seriously thought about selling my car. AND we had more than enough in savings, just didn't want to dig into the account more than we planned at first.
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