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Posted AT 6:00 AM EDT on 15/07/08

First-time home buyers need old-time virtues

Globe and Mail Update

Aspiring first-time home buyers, it's time to discover the lost art of saving up to buy a house. It'll be tough. You may not be able to get the house you want as quickly as you want. But in the end, you'll save tens of thousands of dollars and have a lot more financial flexibility in your life than you would otherwise. Saving to buy a home used to be a rite of passage for twentysomethings.

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