Wiggle Room

Justin and I have spent the last few days gearing up for a preliminary appraisal of our soon to be house. Man I really don't see how anyone builds a house in this market. The value of homes are just sure crap!!! In the current economy homes are on average worth 20% less than it costs to build the same house?!?! In other words they appraise them around what is costs to build (or less in most cases) then they will only loan you 20% of that. Wow, why can't they tell you this on the front end?

 For us, even with five years worth of saving and ten acres of land we are still left with absolutely no wiggle room. You know how you hear people say "add at least 50k to whatever you budget" yeah, none of that. NO WIGGLE ROOM. I am just not sure I can handle that. (I really like the ability to wiggle) So I say all of that to say this....................Our little construction project maybe on hiatus for a while. We'll see.