I would strongly suggest patience in this market. A 1 year minimum wait regardless is prudent, at that time a reassesment will be necessary based on how much prices have come down. Remember between 1990 and 1995 my cousin’s apartment went down 36% in value, this time the situation is MUCH worse.
People will tell you that it is IMPOSSIBLE for that much decline but if a 200-300% price appreciation was possible a 50% decline is not only possible but LIKELY!
