If 125 can get into a primary residence, and possibly even subsidize his mortgage with a roommate or two, why would you all try and Tell him to time the market?
How about to save well over a hundred grand?
Prices are already well off their highs
Not in 4S they’re not.
…and there truly is no way to know when the bottom has hit until it has already passed.
Not entirely true. We know approximately where prices should be. The market turns so slowly that it will likely be pretty obvious when things have settled close to that point (or even slightly above would be fine), and people will have plenty to choose from and plenty of time to shop around. And when it finally does turn upward, it won’t be the rocketship it was, so there really is no hurry.
