Regardless of commodity, in an ideal world, buying low and selling high is golden.
With the 2011 housing market in Brevard County, Florida (and elsewhere), unfortunately, that is not very likely.
It does seem some investors looking for rental and investment properties are finding opportunities in short sales and foreclosures. Even at nicely discounted prices this down market is not a risk for the novice investor.
Still here is the new twist on buy low, sell high…
Bought high, Sold lower, Bought a lot more lower
If you are in a position to sell your current home, there are opportunities that offer move up homes at great prices. There may be losses on the selling end of the current home but an opportunity to purchase more house for less money can be a positive in this market!