It's an incredible advantage to be able to wait and see. The perfect place'll come, I'm sure it will. And yea, one globe's economic contraction is another man's sweet deal. I wish you luck!
Yeah. This is my first rodeo, so I haven't paid attention to the housing market before this. It'll be interesting to see if there will be a crash, and if so, if it leads to a feeding frenzy. Like I said, at my price point, all of the good houses get snatched up quick, so if they go for even cheaper, I just might need to take a month long vacation or something and dedicate all of my time to hunting in order to actually compete with others.
Do not compete. Repeat: DO NOT COMPETE. This is not your game. You cannot afford to get good. You want a dwelling, not an investment. You do not have access to the resources the other players do. Your goals are different. Your wishes are different. You are a mark among the whales and they will scoop you up like so much krill. You know what no one is competing for? Undeveloped land. I mean, yeah - stuff that can be subdivided is in stupid territory right now but if I recall correctly, there is no reason you need to live in or near a major city. Not only that, but you have an unparalleled work ethic and a preposterous amount of patience. Houses can be built cheaply if you're patient and doing your own work. Find a place you love and make it your own. NOBODY is competing against you in that game.
It is insane how much farther your money will go living just outside a city as opposed to living in one even if you don't build the house yourself. You can get a nice old home in good shape with a ton of land for what some people pay for a concrete shell in town where I live.