sdrealtor, I agree that it takes 3 house purchases before you can find the best one for you.
I remember a poster here who said that the didn’t care what the statistics show. He looks at the market “with his feet” and researches the neighborhoods that he likes. He compares price history and rents then decides when it’s the right time to buy. I too believe that’s the best approach. Who cares what Greenspan or Bernanke say? All real-estate is local.
I’ve been looking at different neighborhoods that I like. The nice thing about the Internet it that it takes you from one property to the next and the next. I now have a pretty good idea of where prices are headed. We’ve only started on the downward slide so I’m pretty sure that another 20% drop is coming.
