Is it possible to find a great home under $150,000 in Albuquerque? Absolutely, as long as you are willing to do a little house hunting!
Spending more than you can afford on anything let alone a house is never a good idea, and it's what got so many people in trouble during the real estate bubble. I was a rookie agent in 2004, and I remember people saying "we're approved for $170,000, so we want to look at houses for sale at $180,000."
These days, most home buyers are acting much more sensibly, so I'm more likely to hear "we can afford up to $170,000, but we want to stay under $150,000."
There are plenty of affordable homes in Rio Rancho too, if you are willing to live that far out.
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