Come on out this way. The housing market is indeed weak here, and we're considered one of the less affected markets in the US. The problem is a lack of available credit keeping buyers at bay. Plenty of cheap houses.
In other places, my dad has a winter place in FL. There are tons of places that are now hundreds of thousands of dollars cheaper than they were 3 years ago. I have 2 friends who just purchases homes that were bought less than 5 years ago by the sellers. In one case, a $650K small home 4 yrs ago was just sold for $275K. Just examples.
Hope you have better luck, but I'm sure that there are deals out there. I've got friends who are building contractors, and they would unhappily agree.
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