Time to buy? Or time to sit tight?

For the past month or two, it seems like perhaps it wasn’t so bad of a time to buy a house — prices have been plummiting in our area, and I know we could get a mortgage because of excellent credit.

Then, the bottom fell out. The past two weeks, both of our banks have been taken over (or, in Wachovia’s case, is in the process of being taken over), the stock market is dropping like a lead weight and nothing seems certain.

Our cheap-rent-yet-out-of-date apartment is starting to look very attractive right now!

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