Quote:
Originally Posted by Pavka007
Precisely, this is why I am looking at block of 4 condo units close to me so I could secure them before the "sweetie shop" is closed  hopefully in the next 5 to 6 weeks. |
Where are you? I'd say you have at least 6 months to buy something unless you're in a place like Phoenix where prices totally tanked and are now moving up. Bulk sales to big investors are a danger, but aren't going to move forward with any speed till Fannie and FHA have studied the test sales to death. Fortunately, the government moves slowly.
I'd buy in Phoenix, but the problem is that most of the place needs redecoration. With an H-bomb. And having to go there once every few weeks wouldn't be a pleasant prospect.