Quote:
Originally Posted by kane
I agree. We had about 5 years of housing boom because of the sub prime mortgages, but we are only about 3 years into the housing bust so I think we have a few more years with a lot of foreclosures and ugliness out there before things start to look better.
On the bright side. If you have decent credit and a decent downpayment, you can get a great deal right now. A friend of mine just bought a house that was a short sell. Two years ago it sold $249K and he just got it for $145.
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Without a doubt. I keep telling myself I am going to buy "this summer" but each year the prices keep going down. I have bought one dump that I am renting out but want to upgrade the place I am living in. Had the plans to buy this summer but I dont think so now. If I wait another year or so Ill save another $100k+.