Things worked out differently for everyone. For many, the waiting game paid off–in a big way–for others, not so much, and, agree, a lot depended on where you were looking, and the type of property you were looking for (primary, investment, etc.)

It was another great chance to pick up investment properties in lots of areas, but many people we knew who were looking for a primary on or near the coast really didn’t care that they could get a better deal in other areas that took a bigger hit during the crash–because they weren’t going to buy there anyway–so waiting for what they wanted did pay off for quite a few of them.