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Reply to "Anybody else extremely depressed over real estate?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]One has to ask, how many of the posters now lamenting their failure to buy earlier didn’t buy because they thought prices would fall. Just last summer, this forum was filled with threads about how interest rate increases would bring prices down 20 percent or more. Trying to time the market is always a fool’s errand.[/quote] This 1000%. I remember those posters, gleefully stating that anyone who were buying at the “inflated” 2021 prices were dumb, stupid and foolish. Now, some of them are on this thread complaining and in need of understanding for missing the boat. [/quote] +1 Some posters here just look for excuses to go on the attack. There were legitimate reasons why someone might not have bought in 2021 when prices were much higher and many experts told us it was transitory.[/quote] Sorry, your tried to time the market and got burnt. Buy a home when you find one within your budget that meets most of your needs. Don’t wait for perfection. Last fall was a good time to buy because inventory increased in some neighborhoods locally. If you have the flexibility, look at locations out west where buyer’s markets exist due to excess inventory.[/quote] Actually, I own two homes and made a lot of money buying and selling other homes, but I have compassion for people experiencing bad luck that negatively impacts their lives.[/quote] When one affirmatively decides not to buy because one believes prices will fall, that has nothing to do with luck. [/quote]
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