Originally Posted by George Foster
My financial advisor told me to wait until "there is blood in the streets" before buying any property. Within 8 months it will really be a buyers market, especially in Florida. My wife and I looked for a condo in Destin to buy, and rent it when we were not there. It was nuts! 900 square foot condos for 325K. They will be down to 200K within a year.
Oh yea, I'd wait until the market totally collapses and people are desperate to get anything for their little bit of heaven. If you had any extra money, your fiances were in order, and you were inclinded to speculate later this year might be the perfect time to find the deal of the century on some real estate.