He’s already bought — and at a large discount. While I may believe pricing will fall further, newguy got a very good deal now. Who’s to say that his discounted price now won’t be the market price in 2 – 4 years?
“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.” Bernard Baruch (discussing the stock market, not the real estate market — you decide if it applies).
