FirstManLostOnMars

Good morning all,

I have read a lot of posts from people who explain their personal situations and where they are at in terms of loans, savings, down payments etc etc.

Basically, my wife and I have only recently found ourselves in a position to start looking at buying our first home. Haven’t yet spoken to any professionals, not done a whole lot of homework on loans, not too savvy on a lot of the phrases being used on here.

So, in simple terms... with the way the economy and housing market is moving... would a housing crash be good for a first time buyer? Would it generally be easier to get loans? I’m sure house prices would drop. I know it’s a broad question, but I’m really just lookin