I’m 100% sure of being right, so I made the move. But all good investors must consider all the angles.
Assume prices go down 15%, then climb back up. All I need to do is keep renting, because they’ll still be overvalued, and all assets revert to the mean. There are dozens of examples in history: tulips, florida swampland….
If for some odd reason, this time really is different, and I was attached to owning a house (which I’m not), I could buy back in at 15% less. That’s a savings of $120K on a $800K house. Even after closing costs and two moves, I’m ahead by $100K.
