I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.
If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.
Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.
I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.
One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.
A house is somewhere that you live. That is something that people understand. It is not seen as an investment.
