Epic buying a house at the absolute worst time in 30 years...
unless you live in select areas with unique opportunity, most should avoid buying anything until the 2009 war-end rock-bottom hits. Then you'll have companies swooping in and buying all these defunct places at pennies on the dollar.
There aren't many honst real estate folks these days. "Now is the time to buy!" I hear that crap every week. I've been calling BS on it for 2 years and I'll call bs for another 18 months.