Buy low, sell high.
Lower would be okay for me. We are in our home for the long term and would like to make some real estate purchases as long term investments. I've been waiting for prices to drop. The game is to figure out where the bottom is and get in before it goes back up.
a S. Calif. condo that sold for 150,000 in 1990 sold for 110,000 in 1994 but it is worth 500,000 today. The guy who bought in 94 is one happy guy. Things change but not much.
I thought it was the other way around