BobbyD, you seem very anxious to buy. Did you read privatebanker’s and Bug’s posts about the bottom of the last SD real estate cycle, which occured in years 5 or 6 of the decline? Banks had so many REOs, they hired entire REO departments, and homes were boarded up. I was told that some homes sat on the market for ONE year with NO ONE even looking at it! Why don’t you wait until we see that dire situation once again? It will be 3-6 years away, but that is when you will find the types of bargains you seek.
