I would say if you can afford the house, then do it. Yes, the housing market is depressed right now. Honestly, who knows exactly when the market will bottom out. It could be right now.

Just as investing in stocks goes, unless you know more than anyone else about when things will turn around or bottom, don't try to perfectly time the market.

What's better buying a home while it's still cheap, or buying when you've waited too long and prices have already gone up?

Real estate is not cheap, and is actually severely overpriced. Calling real estate cheap when in many US locations prices now are still 60-70% over the prices in 2000, people have more debt that they can afford to carry, and economy is in recession is just plain wrong.

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Never spend your money before you have it. -- Thomas Jefferson

Yep I'd certainly be considering the investment were I in your shoes. If you think the house is cheap, or more to the point if you can afford it, then get it!

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Are you looking for a quick property sale?

I agree...I would think if you can afford it and the price is right...Go for it.

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New graduate with an emphasis in debt counseling.