Wasn’t asking you to. Just pointing out ways that your theory breaks down. And again, to my real point–me no care about 1989. I know plenty of people who bought in that timeframe who got trapped in a house they didn’t want and subsequently lost money on.

The point is, anything can happen. Doesn’t change the fact that, in general, now would be a bad time to buy (with the distinct potential of being a *really* bad time).