Bad decision buying a house right now. In 5 years it will definitely be worth much less than you are paying for it. That is just the cold, hard truth.
This blog is not about being negative, it is about being realistic and most important honest. Nobody here is looking to sell you anything.
Also, we are not all “priced out of the market”. I could easily buy a house at todays prices but I choose not to because I realize it is stupid to purchase something that is going to go down in value, that is moronic.