To buy or not to buy.....

[sounderella]

About my monthly income, I took a new position, and I recently found out that the position was going to be cut next year, that's why I estimated about $3,800 a month, but that is on the very, very low end, (worst case scenario).

Maybe I'm reading this wrong....the new position you just took is going to be cut? or the position you just left will be cut. If it's the prior then you're absolutely foolish to take this on.

[docstudent]

I will have a job, but I might have to take a decrease in pay. My current position pays 86G, but I will not be guaranteed that salary range due to the downsize in the company. My pay will go down to 68G a year, but my plan is to search for a new job for the fall. Worst case, I will make 68G- but I am 90% certain that I can find a higher paying job soon. After meeting with the broker and real estate agent, I came to the conclusion that I do not have enough money-to-date to purchase the condo. My plan is to save $800 a month, plus get a second job to secure enough for a downpayment as the market continues to decline in the LA area. Thanks a great deal for all of the input.