rooous don’t be bummed out. Instead you should be patting yourself on the back. You have resisted an emotional response in favor of facts that are clear and present. An earlier post to your thread captured the personalities here in an accurate manner, from slight depreciation to doomsday. Even the most optimistic prognosticators are NOT predicting appreciation. So you are missing out on nothing.

Hopefully these facts will make you feel better:

1 – Inventory is high. It will most likely dip a little bit through the winter but that is only because listings are expiring, cancelled or being withdrawn. Back in the spring we will most likely push inventory to even higher levels then we have seen for years.

2 – Rates will most likely nmot change much over the next year. I think most people here see the long term mortgage rates not varying by more then +/- .75 of a point from where they are. If the recession that many of us are thinking does come, then they will most likely stay low. If they do go up then that will serve to depress prices further.

3 – Without even knowing you guys personally I can absolutely gaurantee there will be something that will come on the market that you will like even better then what you were looking at. It may take time but really you will.

So the challenge for you now is to try to save more money. Also don’t be afraid to keep looking around. I always see postings from Perry Chase. He seems to have all kinds of info on places. He just looks and looks and looks and then logs the activity of places he looks at. This is a very intelligent way to get a pulse not just on the market but on the very narrow scope of property types that he wants. I can probably mention a random UTC condo development and he can tell me more about it then the developer.

So don’t stop looking…just look, track, and start to accrue knowledge.