jump on it!! low ball the piss out of it first, but get all of the property that you can. IMHO I think houses will still be pretty cheap through mid year, then start slowly going up over the next 2 -3 years, then equalize.... I bought a little place next to the golf course to rent out. (got a steal on it) but, anyway, I'll rent it out, then move into retire, or sell if the price comes right...