Both my wife and I are steadily employed and have been for a long time. Monthly expenses total about ~$2k. Household income between $150-200k/yr, last year significantly better. We’ve been stockpiling cash for a long time.
I also own a profitable side business, where I re-invest all the profits.
Ahhhh … eballing. It never gets old does it? Come to think of it though, I don’t know a single 20-year-old making less than $250K per year.
I’m not saying housing is going to turn around. I suspect a heavy price cut followed by a long flat period. But once the #s start to pencil out, I do see a lot of pent up demand buying in not as an investment, but to have a home.
That’s just what I see around me down here in the trenches of youth. 🙂
Let me know when you and your circle of 20 friends are ready to unleash that pent-up demand so I can jump in there and buy just before you. I certainly don’t want to be priced out foreva!
