Everyone keeps saying it’s a buyer’s market, now’s the time to buy, blah blah blah. What difference does that make when you still don’t have $150k to plunk down for a house – and when the credit crunch means that even YOUR spotless credit makes it hard to get a loan?
Not to mention that so many of the houses for sale now, while the current owners are taking a loss, still have prohibitive prices or costs that are so inflated they still aren’t accurately reflecting what the place is worth. You could be getting a “deal” and still watch your home devalue over the next several years.
