When Are Short Sales a Good Buy?

Having run 3 searches in my general locale, it seems that short sales are about 30 percent of the current listings and escrows showing in the MLS. And, some short sales are really not priced any lower than other current market listings, so with some properties, the buyer is not going to gain anything but a longer wait period by limiting a search to sellers in trouble. See more with this article at http://longbeachrealestate.blogspot.com/2008/02/when-are-short-sales-good-buy.html