Good time to buy or bad time to buy?

[Willis Seng]

Ive been hearing a buncha smack about the current real estate market lately. I was thinking, since the market is slowing down, declining, and foreclosures at a high, shouldnt that make it perfect for an investor to buy these houses at lower prices? Not only they would be cheaper, these houses would be abundant. I spoke to my dad, which does day trading with stocks, told me that it is a good time to buy, but it is really risky flipping a house during this time because it would take a longer to sell or worse, it wouldnt sell at all. He told me that property taxes are going to rise 6.6% in our area next year also. What do you guys think about the market? what are the advantages and disadvantages for this market?