I do like your post, but I would agree and disagree on some parts. If you are not an investor buying a home now is and most likely will always be a great investment. Considering you are earning a return on the value of the home not the most spent, like most investments. If you buy a home now with a low interest rate you can capitalize on VERY low payments and at worst lose somewhere around10% equity. Long-term you will be fine, for sure. I do agree with you that certain areas may go down a lot further in price soon and you will still be able to take advantage of a low rate at near bottom pricing. Like most speculation you usually only want to be partly right. Waiting to the best possible time increases risk tremendous so being a little behind the curve is the Conservative sure bet. Good though.

As we enter the next wave of the forclsure firestorm, I do believe that we will see the devaluation continue for at least the next 8-12 months at which point there should be a leveling of the market.  I personally feel that the recovery fromm this will be a much longer period than in any other time in history. good post, thanks.   

Thank you for your comments, Any real estate investor should be thinking long term on their property investment. Investors usually see a doubling of their property value over the course of ten years. Buying real estate when property values are underpriced, like now, can generate even more growth over that same period of time. Now is definitely a good time to buy.

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