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]
Okay, Mandorian, no one has said crash. People, including the Fed, are saying there will be a downturn *beginning* in the next few weeks. Beginning. Not crash. Also, you seem to have conveniently overlooked the data showing that new building starts are at their highest levels since 2006. So new building is surging. [/quote]

Ughh, people are taking about "worst time to buy since 2007" and "bubble bursting" in the coming weeks.  To me it sounds like they're tacitly trying to suggest a crash...or maybe they're just saying it to stoke fears and sound smart--either way it seems a bit deceiving.  They could be right, but I think it's very unlikely.

If you state the beginning of a downturn, then sure that's possible.  I could certainly see home prices down 1-3% in 2023 compared to now.  Or they could be up by that much.  Who knows?

Please show me this "data" I'm conveniently overlooking talking about all these new SFHs or even townhomes in areas people always talk about wanting to move to on DCUM-- ie NW DC and the close in parts of Arlington, Alexandria, TP, SS, Chevy Chase, Bethesda?  Because there's almost no vacant land in those areas.

And for the record I am not buying or selling right now.[/quote]

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