IMO, purchasing a house right now is okay... If you did that 1-2 years ago, you would be stupid. However, I did purchase one a little over a year ago but lowballed the crap out of them because they were willing to unload since the previous people that bid on the house kept backing out at the end. We got the house because we were persistently sending in bids and they finally agreed. They definitely didn't get what they wanted for the house but again we also got into a house that isn't turning into a negative equity POS....

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