Reply to Remember all the dorks spamming last year real estate was going to crash?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This thread may not age well.[/quote]
People on this board have been calling this a bubble for ten years.[/quote]

I've been coming here since 2009 or 2010 and I can absolutely agree that people have been saying that we're in a bubble for a long time. Certainly as long as I've been visiting this site. Anyway, almost as soon as housing prices stopped falling after the crash, people were here calling that they'd start falling again (that it was a false bottom). They were saying things like people buying then were "trying to catch a falling knife". I saw that phrase many times back then.

My advice for anyone thinking about buying or feels that they're ready to buy is that you find the areas you'd like to live in and start watching for and bidding on houses that you can afford. Don't worry about people calling for bubbles. If your home value falls, it will likely be temporary and even if it isn't, part of your payment will go to your equity and you'll eventually pay down your house enough that you aren't upside down on the loan. Some people walk away from their houses 15 years ago when they were upside down on their loans. Where would they be now if they had kept them? 15 years of extra payments and houses above the last bubble. I wouldn't worry about what others say. Just worry about if you're ready to buy. Don't buy a house as an investment. Buy it as a home to raise your family.[/quote]

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