October 4, 2006--Deciding not to buy a house right now

Erick and I have decided to save everything we can and try and either (1) buy a house outright in the spring or (2) put down as large of a downpayment as we can on a house in the spring. By spring we should know more about whether we are going to be here awhile or move on. By spring we also need to be moving, because the owners of this house are most likely are going to need their house back. The husband was in a car wreck, and his insurance had lapsed and this license had expired, and their car was impounded. They are now stuck owing $4000 and have no vehicle. They are afraid they are going to lose their house they are attempting to buy, and if they do, they will need this one back. They own this one free and clear. She said we could stay until spring, and she also said that there is a possibility that they will have resolved their money issues by then and not move back after all, but it's given Erick and I a sense of urgency that we need to save our money.