[Wayne07]

If you could buy a house today for $1,000,000 or tomorrow for $500,000 you are going to tell everyone that today isn't a bad day to buy becasue you are going to live in it?

[Eagles Talon IV]

If you could show me how a 50% savings could be realized if I waited a day or even a month then I'll listen. The scenario you pose could only happen in a tremendously inflated market AND where some cataclysmic event took place. Keep in mind the economy is strong and just because homes in these markets no longer bring ridiculous prices doesn't mean there is no money around to buy them. The market has merely adjusted and the extreme price softening you allude to is only occurring in selected markets and nowhere close to the level you have indicated.

[Almondjoy]

One your price drop is way too drastic.

Two.. there are micro bubbles so it depends where you buy.

Three.. if you are going to live in it then it's a long term investment. Odd's are after 10 15 years it will be worth well more than it is at the moment.. even if the house loses money over the first 5 years.

Are you a day trader or a long? It's just like the stock market.. some people play by the hour.. some people play by the year or multiple years.