Two ways to look at it...
You can wait 2 years for the market to turn and then buy when prices aren't so soft. Or you can buy today at "two years from now" price by not falling in love with one particular house, and making 20-30% below asking price offers on several houses.
I don't know if we have 5 years worth of inventory in N. Florida...more like twice the inventory that we need for today. I do know that South Florida, especially S. West Florida is one of the nastiest markets in the country.
Ren
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
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