I’m thinking of buying a small house/condo/apartment in New York or California. I want to buy near the Chinatown areas (for example Flushing, New York).
Is now a good time to buy real estate or should I wait out longer for a drop in prices?
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In CA, it all depends on the area right now. Some areas are actually beginning to climb back up in prices, but in NY definitely wait. The Wall Street melt down will have a lot of people in the coming months, going into default.