I wouldn't buy specifically because my state has one of the highest foreclosure rate in the nation, coupled with negative population growth. But it seems to me that a lot of the houses that're being foreclosed on are in places that will suffer the most from the bust, and like it was said before, you really need to think about vandalism and shit from the vacant homes around yours.
But if you were already looking to buy a home I guess now's as good a time as any.
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Originally Posted by pirate
Even if I did buy now, couldn't I assume that the market would go back up eventually?
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You can probably assume that, sometime down the road, yeah. But do you want to own a home in a place no one wants to live? Even when the bubble was strong people would get fucked trying to sell homes in places no one wants to go.
Jam it back in, in the dark.
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