Originally Posted by california rick
I'm coming late to the party - very late - and seems that I am benefiting from other people's mistakes: ie. the home I'm buying was built in 2005 and sold for $390k originally - I picked it up for $195k.

I hope you plan to staying in that house for at least 3-5 years otherwise look to take a loss on that home.

Home prices will continue to go down well into next year.

A gem cannot be polished without friction, nor a man perfected without trials. ~Chinese Proverb

The early bird gets the worm, but the second mouse gets the cheese. ~Jon Hammond