In all of my wisdom my wife is really against buying now, she used to be a chick that needed a house because “darn it, we deserve it!” type chicks.. now she’s a house nazi. I couldn’t get her to buy now no matter how sweet the deal is.
I think higher priced homes still have to go down in price. There is a lot of room for contraction. I can’t help but think that if the more expensive housing in nicer neighborhoods declines, it will also affect the middle/lower income areas again as people may be able to afford better neighborhoods.
Needless to say we are sitting on our hands/wallets for a while. Plus, why not wait and see what happens when all the smoke clears, we’ve waited 3+ years already!
