[eastbay]

Now is precarious time, but you might want to look at new homebuilders who have inventory that has fallen through because of the financing turmoil. You may be able to find incentive packages topping $250k or more than 1/3 of the price they were selling less than a year ago, and $/sq ft that are otherwise untouchable, going back five or six years in valuation. I just don't see how deals like that can be a bad entry point for the long term as a primary residence. I think the notion that you have to wait another year is nonsense, given some of the valuations that are out there. Not ubiquitous, but out there.

eastbay