fcep we have had alot of discourse on when the time to buy is/was/or will be.
My advice is for you to read previous postings. In short the time to buy varies for everyone. It depends on where you want to buy, what type of property you want to buy, what you have to put down, and what you believe.
What I can say is that don’t believe everything you read. The naked statistics would indicate that we have alot of foreclosures coming, we have continuing unemployment, we have low rates, we have pretty much and insolvent banking system, and we have govt officials telling us the worst is over. Furthermore you have guys posting like the idiot above telling you no better time like now to buy. In the face of these facts, we have more sales activity then I have seen in several years, we have an undeniable fact that SOMETIME in the future we will have skyrocketing interest rates, and it is very probable the dollar will not be the reserve currency anymore. There are some posters here who are theorizing very cataclysmic events in the near future.
So the answer to your question is…. I don’t know. You have to do what works for you. Try not to believe the hype. I can make arguments for you to buy or for you not to buy but things are so damn strange now that it is hard to trust anything the media puts out anymore.
If buying is something you can afford and will bring your family happiness, and you are gainfully employed, then perhaps it will work for you. If you are looking for a large price decrease in a few months, I personally don’t see it happening. If you can wait another year or 2 or 3 then yes it may happen due to either large interest rate shock, or something else substantial.
