[quote=briansd1]
A bottom is NOT a time when buyers bid against each other.
[/quote]
So, you’re saying the coastal properties are at the bottom and the cheaper areas are far from bottom? Since no one is bidding against each other in the coastal areas but there are plenty of multiple offers in the low end areas.
As for the OP, I’m fine with buying when it’s cheaper for me to buy vs renting the same house. Since I have no intention of ever selling the house, rental rates is more important to me. When I do move up, I will be renting out my house. One thing I also noticed, especially when looking at well established areas vs new for primary resident, you might not like any of the house that’s on the market at the bottom.
