[Porsche-O-Phile]

There are some decent deals out there and money is stupid cheap these days.

That said, the "best" deals are still coming but if you don't care about timing the market perfectly for the bottom and have confidence in your future income and so-forth, why not?

Neither prices nor rates are going up anytime soon, so there's not a whole lot of pressure here. I'd say in the 1-3 year horizon things will probably start to eke back up and the "bottom" will be in the next 1-2 years as a result, but it's not going to be remarkably different from what we have today - maybe another 10% give or take in a given market for price and another 1/4 percentage point or so on rate at most.

The biggest issue I see with it right now is that you're gambling on steady income for the next 30-or-so years. Anybody's guess how much the conventional "rules of the game" have changed with respect to that and whether people are going to be able to count on reasonably continuous employment over such a long timeline going forward. I suspect things are reverting to normal and will continue to do so over the coming years (and obviously some sectors/career paths are more resilient/stable than others) but generally speaking, I'd say if someone doesn't have a good 12-to-18 month cash reserve sitting around, it'd be awfully stupid to buy on the basis of assumed future continuous employment, unless you don't care about maybe being foreclosed on if you end up out of work in the event of another downturn in the coming years...

I'd say it's not a bad time to start going out and kicking some tires. I plan on doing the same in the coming months. I'm still on the fence about exercising the purchase option I have on this place myself... It's a good deal but I have a feeling I can do even better.

Can't hurt if you've got the stomach for the risk right now.