I don’t think it makes all that much difference what shape the recovery takes. Obviously if its a V the timing will be more narrow and there will be a potential for a short term upside. However, even if it is a “U” of “L” shape if you are somewhere within 15% of the bottom your downpayment will mostly protect your position and you’ll still be able to control your housing costs over the long term. Back in the day that used to be the primary reason for buying.
Treating our homes like a lottery as a means of quitting our day jobs didn’t become fashionable until this generation.
