I purposely moved to Florida during the housing bust for a job with a very low salary. I loved the fact that everyone thought I was crazy. Although my salary is low, my buying power was very high because of the housing bust. I'm currently applying for jobs that pay almost double. If I don't land anything next year, I will buy another foreclosure and rent out my current house. I will commit to another two years and then apply for higher paying jobs again. When I leave, I will have 1-2 income properties. Florida still has a back log of foreclosures. However, I think the only deals that are left are the ones that need major repair 15K-30K.