Invest in your future. Property is historically one of the best investments that is available, even after the recent housing bubble. The only sure way to protect savings from inflation is by purchasing hard assets, such as raw land, homes or apartment complexes.
There has never been a better time to enter the foreclosure market. Banks have a large stockpile of foreclosures in Chicago, and every time that a bank-owed home sells, the banks will list a new property for sale or at auction, creating a steady supply.
After the housing bubble, home prices are back to their projected levels, following the decades-long trend. Real estate prices generally move upwards in a predictable, steady manner.
The bubble burst. Bubbles typically do not re-inflate after bursting. Neither the tech bubble, nor the first bubble ever -- the tulip bubble -- re-inflated after bursting. This means that real estate is once again a safe investment.