I've been thinking about this. I really need a house and looking. The prices are very stupid. But I'm paying astronomical unforgiving rent that just went up + storage. If and when there's a correction, am I just forever fucked yet again? And the thousands of others that bought? These past 4 years came at a very bad time for me.
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He prices are coming down. If you have a good down payment you can get a great deal. I would personally offer MUCH less until somebody accepts. There are people that bought years ago and don’t owe a lot. Also there are homes with an assumable loan at low interest but may not negotiate the price at all.
The election will change things hopefully for the better. If I couldn’t get a GREAT deal I would wait.