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They say that the only benefit we have when there is an economic recession is cheap real estate properties. They say buying a house and lot during recession is the smartest thing to do because they are all sold cheap.
As for me, I really don’t know since I haven’t bought my own house and lot. But what I do know, there are a lot of houses and properties that are sold at this moment like the Outer banks foreclosures.
Anyway, if I have the money just to pay for down payment, I would have gotten myself a house and lot package at any of the subdivision here at our place. One of my dreams in life is to have a house of my own!!