The basic idea behind most investments is to get into the market when the prices are low.

Since real estate prices have been dropping so much, is this a good time to get into the real estate market?

It is further tempting since the mortgage interest rates are so low.

The scary part is that a lot of people who invested in real estate a few years ago have lost their shirts... and their pants, houses, life savings, etc...  Some long-time real estate investors in my city have had multiple foreclosures.  If they have had trouble, what chance do I have.

Of course there is a difference between properties bought at the peak of a bubble versus properties that could be bought now.

I guess I just wonder how much of a real estate bubble we were in and how much further prices could drop.

Do you think now is a good time to enter the real estate market?