If you are thinking what a lot of people are thinking, that's maybe it's time to buy real estate, with prices falling and a lot of great choice, coupled with the possibility to take advantage of the down trodden all mounting a lot of people are thinking Hmm, BUY BUY BUY.
Don't be stupid and at least stop to consider two things.
First wait. Wait until the senate passes whatever useless bill they are going to pass. It still needs to be watter down to a useless state but eventually one will pass. Don't get slammed when this eventuality shifts the market.
Second. Unless you have a specific market in mind wait. Prices will go lowers as long as markets and the currency are low. There is no rush to get in, and by all means don't rush in all at once, if you can afford to buy multiple properties then do so over the space of several months as you test the market.
This market can still bitch slap you.
Also consider looking offshore.
Asia is going to Boom for decades and if cheap land is your goal for big payoffs down the road markets like China are worth investigating, though they can still be a lot of hassle to get into if you don't have knowledgeable legal counsel.
Don't trust brokers and bankers, if you have a legal question talk to a lawyer, these guys are desperate for work and they have a track record of lying incase you've been asleep.
Don't be stupid and at least stop to consider two things.
First wait. Wait until the senate passes whatever useless bill they are going to pass. It still needs to be watter down to a useless state but eventually one will pass. Don't get slammed when this eventuality shifts the market.
Second. Unless you have a specific market in mind wait. Prices will go lowers as long as markets and the currency are low. There is no rush to get in, and by all means don't rush in all at once, if you can afford to buy multiple properties then do so over the space of several months as you test the market.
This market can still bitch slap you.
Also consider looking offshore.
Asia is going to Boom for decades and if cheap land is your goal for big payoffs down the road markets like China are worth investigating, though they can still be a lot of hassle to get into if you don't have knowledgeable legal counsel.
Don't trust brokers and bankers, if you have a legal question talk to a lawyer, these guys are desperate for work and they have a track record of lying incase you've been asleep.
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