I know it is a really tough spot to be watching and waiting and not see the price reductions that many people think will happen. Deep down I do believe they will happen. Maybe sooner, or maybe later, but I think they will. They also may not take the form of a new home from the developer but of a foreclosure or a distress sale. So far the resellers of homes in 4S are not coming down in price. Eventually though I believe they will. It just may take longer then you want to wait.
What I cannot do is make the ironclad gaurantee that it will happen in a month from now, or a year from now, or 3 years from now.
Like you I am going to have to buy sooner then I want to but I am holding out as long as I can…
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Schizo if you are going to pony up and sign the contract make sure you are clear on the financing aspect, whether you will float the loan or not, etc… I am sure you saw the threads last week on this subject. The good news is the 10 year has come off its high of last week. The question is, will it start to reverse the trend it has been in since March.
