[quote=bearishgurl][quote=deadzone]So why risk it? The downside risk clearly outweighs the upside.
(sdr need not reply with his “my home is not an investment” lecture, heard it 1000 times before).[/quote]
deadzone, FWIW, I’m not currently active in RE sales. No one here is telling potential Pigg-buyers that they shouldn’t sit on the fence if they wish to. It’s a free country. But if you have your sights set on an area with little to no distress and are waiting a few months/years to buy in hopes the prices will go down, GOOD LUCK TO YOU.
Just don’t come back whining that the prices are still too high and/or interest rates are too high in 2012 (or whenever you decide to jump off the fence and get serious about buying).
Did you ever stop to think that future price and/or mtg interest rate could make it HARDER than it is today to purchase the same property in 2012 and beyond??[/quote]
This is *exactly* what some of us think, and it means that the buyer pool will be much smaller when it happens beacause more people will be “priced out” if interest rates rise…which will lead to lower prices.
You can’t price the buyers out of the market…they ARE the market!
