You Could Be Old Before Prices Come Down

Picture a caricature of "a stooped, old gentleman with a flowing white beard and cane. Underneath is a caption that says, 'The young man who waited for real estate prices to come down.'" That's the tale told by James H. Boykin, former chairman of the real estate and land development program at Virginia Commonwealth University, to a Richmond, VA reporter. Don't wait for the perfect time to buy that dream cottage in the mountains, cabin by the lake or beach house on the Outer Banks, he advises. The time is now.