Do I still buy and hold if prices are going down?

[Tony Nguyen]

Here in the Central Florida market, things are shaping up for prices to take another dip. Inventory is rising and demand is slowing down noticeably. I have a goal of buying my first buy and hold by February 2011 (I've only bought and flipped, never held).

If you knew that prices were going down more, is it still logical to buy and hold? Some have told me it's common sense to not buy if you know you're going to "lose money" but then again, some people tell me if you have positive cash flowing to your mail box, it's all good! Any input from you all would be appreciated, thank you!