• IamtheMorgz@lemmy.world
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      4 days ago

      I mean, anecdotally, I do know someone that bought a new build in mid 2008 for about 60k-ish less than what everyone else in the neighborhood bought for (earlier or later). The company building out the subdivision was pretty desperate and he had a solid stable job as a trucker. He managed to get all kinds of perks and stuff too.

    • qprimed@lemmy.ml
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      4 days ago

      oh, you’ll know. talk to friends and family who may have been through this before. make a plan (or five) for something that works. there are paths depending on your goals - individual, multi-family, communal, etc. only you (and other potential participants) know what you might want to achieve.

      the most important thing its talking to people who have been through it before. start doing that so you have some inkling of what to look for and what might work if you have resources. a great deal of it is luck but some of it is forethought.

      reminder: none of this is competent financial advice and you should probably ignore it.

    • FlowVoid@lemmy.world
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      4 days ago

      Just google “foreclosure auction” in your area. Those houses will generally sell below market.