Have you noticed that homes seem to be getting cheaper and cheaper? I don’t mean the price…I mean the quality of the materials.

A few days ago, my mind wandered to the Yugo. You may remember the Yugo. It was the cheapest car on the market for $3,990 in 1986, it was a horrible failure, and oh yeah, one of these cars was even blown over the side of the Mackinaw Bridge!

Why do I bring up the Yugo? Well, just like it is was a bad idea to purchase a Yugo in 1986 based solely on price, it may also be a bad idea to purchase your new home in 2010 based solely on the lowest price today.

In our next post, I will provide a list of items in a new home that you need to watch out for so that you don’t end up with a Yugo-type home. Until then, here are a couple of Yugo jokes for your enjoyment:

Q. How do you double the value of a Yugo?
A. Fill the tank with gas!  (If it can still hold liquid.)
A. If not, put a gallon of milk in the back seat.

Q. What comes with every Yugo User's Manual?
A. The bus schedule.

I once bought a Yugo with a tow package...  It was in the front.

A friend went to a dealer the other day and said, "I'd like a gas cap for my Yugo." The dealer replied, "Okay. Sounds like a fair trade."