For once, it is better NOT to be an investor --at least until about May 29th you have more buying power.
There is a 2br/1.75ba, 1,066 square foot condo here at my complex going for only $40,000. These units usually sell in about a week.
However, this is an interesting case that actually favor non-investors. This is a HUD-owned home (Housing and Urban Development). So, they opened bidding earlier this month for owner occupants only. In fact, unless you are an owner occupant, you can't make an offer until May 29th. And, as of this morning they did not have any winning bids. Read more »