I agree with Peter and Mark regarding timing the bottom. I also agree that everyone is different. I more or less timed quitting my job, which I hated, with closing the purchase of my second house. It made sense at the time and worked out well. I’m not telling anyone to buy . This is more relevant if you can buy a house with added security of a likely bottom.My housing cost have been incredibly low for all my life in part because of this decision. I also locked in a price that was likely to benefit from appreciation and it did. Food for thought.
I guess nobody can speak with absolute authority about how easy it is or isn’t to time the “bottom”. I do think that when buying a house seems like a “no-brainer” that will be pretty near. I would not say buying a house right now is a no-brainer by any realistic stretch but I imagine most of those who are buying are not going to get viscerated competely by the knife.
