Quote from AlexMWhat is a flat exactly?
An apartment?
I second what everyone else said, this industry is like quick sand, one need to thread carefully. I'd love to buy a house here too, LA outskirts is actually a relativily safe place to buy because there's so many studios around if something were to go bad, but even then there's risk envolved.
In this fucked up economy, caused mainly by real estate I think it's wiser to hold of on buying, specially for us.