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Join Date: Jun 2002
Location: Portland, OR
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Originally Posted by AllenG
This is the best buyers' market in decades. I would look long and hard at what is already available on the market. Upgrades are being given away, sellers are beyond desperate. You can get a hell of a lot of house for the money right now.
Not really in decades. The huge, inflation + superbubble rise over the last few years really means things would have a long ways to fall before the buying opportunity was that good, but your overall point is very solid. Keep an eye out for existing homes, too.
However, the benefit works both ways. New construction work is at a major low, so contractors are desperate for work and will likely make similar concessions to get a job, as long as they can be sure you won't cancel mid-project. On the downside, facing real material and labor costs, the construction companies don't have as much wiggle-room for pricing.
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