Think twice! The market just collapsed and you know its gonna be big stiff for couple of years. But there is another thing that concerns me the most. This nation runs on a economy solely based on credit. The average annual credit card debt per household (sorry forgot the source) in this country ranges from $4000 to $8000. Now if the congress dosent do something about it the nations economy would surely collaps. If that happens then america would go down the drain. You just saw recently real estate business trumbling. If congress dosent do something to restrict these aggressive lenders to stop risky lending and trying to make money out of middle class americans then the whole things is going to shake. Thus, if i were you i would rather let my slow saving increase instead of gambling my hard earned $. Yeah when it comes to real estate location is improtant. Consult your local relator about these the fluctuation in price and what would be a proper thing to do. Real estate is no longer considered investment now, it dosent work the way it's supposed to be back then... Well i wish you a good luck.