hey lendingbubble….No the pk doesn’t mean that i bought my home at the peak…You may be able to correctly pick the bottom and top of the market, but 99.9999% can’t do it…
Everyone’s situation is different…Maybe the person who stared the thread doesn’t want to be a serial renter and be at the whim of rent increases or an owner’s foreclosure…Maybe he has kids in school that he wants to provide some stability for…Even moving a few blocks can mean a change of schools if you go the public route (especially in C.V.)
Plus, just as one dollar cost averages with mutual funds, I do the same with investment property…Buying one every 5 years or so…I will get some near the bottom and maybe some near the top, but hopefully after 30 years of doing it I will be ahead….Maybe not, but I wish I had a crystal ball…..I would love to buy everything at the bottom but I can’t…
