I bought my first house in 1994. Does anyone want to know how I did it, my ingenious method? Dumb luck!!
PS wrote:
“This is the method I will use, and I may miss the bottom by a month or two, but with real estate so slow moving, I would miss out at most on 1% or 2% of price.”
Based on the very slow rate of appreciation from 1994 – ~1997, I would be happy to be within a year of the bottom. I do not believe things will shift that dramatically, that quickly. The appreciation in the bottom of the cycle will be very small, gradually picking up steam. If we just get close, we will be in good shape : )
I think sdrealtor is right on target, buy at a smart time, live in it and enjoy life.
