Is it a good time now to buy an investment house in Fresno, CA?

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Kirrabilli asked:


A friend is saying it’s now a good time to buy a cheap house ~ $200k. I can afford it in Fresno. I also see news about default mortgages, house inventory going up and retail sales going down. Is this a good time to buy low? Another thing is whether Fresno is a good market because I live 3 hours away from there and have no idea except it’s pretty cheap out there. Any help would be appreciate?

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