Das HomeHunt Begins

The past year has sucked for many new homeowners. Sub-prime mortgages, financial collapse and all the related horrors have resulted in thousands of hardworking families losing their homes. Many of these homes are being sold off by Federal /State agencies or banks at a fraction of their cost in the hopes they may regain some of their lost capital, otherwise known as foreclosures.

Which is why I'm actively looking to buy a house for the first time.

Sounds predatory, I know. But someone's going to buy these houses. Better me than some speculator looking to turn a profit down the line when the market revives.

Some pretty good prospects in Florida. Also keeping an eye on Maryland, Arizona and Nevada. Talking to some people. Hoping to get a cheap house with a long mortgage, so the monthly payment won't be a burden. This won't be easy, but it can be done I believe. And I'd be a fool not to try now...

More on this as it develops. Regular post soon (before Spring '09 begins).

jdk