Reply to buying now or waiting another year?

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Reply to "buying now or waiting another year?"

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[quote=Anonymous][quote=Anonymous]
[b]This is the way.[/b]

Just buy when you a) think there's a good chance you'll be in the area for at least 5 years, b) can put 20% down, c) find a house you like that meets your needs.  If that's not you, do not buy now ... or at any time until you hit a/b/c.

The doomsayers who say the housing [b]market will crash in "weeks"[/b] are FOS.  Could it happen?  Sure, if WW3 truly starts.  Otherwise, no way an abrupt change happens so fast.

Most likely housing prices will go flat or appreciation will slow or prices will slightly decrease.  Why? Because because there is no likely singular event that can make any change "happen fast."

No matter how self-assured somebody sounds on here, and intuitively it would make sense for the market to start to at least see slower rates of appreciation...part of the hurdle for that is that inventory remains low compared to demand and the cost of labor and building materials and land have never been higher.  People can have all the theories they want, but until inventory drastically increases [b]or the cost to build goes way down[/b]...it's pretty challenging to imagine a scenario that causes a sudden down-turn in prices.[/quote][/quote]

Wow, bravo.  Do you spin messages out of context for Putin too lol?[/quote]

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