It doesn’t matter what they know or expect, all I’m saying is it won’t hold up in a court of law. Buying a house is like buying everything else. Just because a house over a long term always go up doesn’t mean that over a short term, it never fall. All lawyers have to say is, over past history, it fell, so the rate of depreciation now is just dramatize by the rate of increase. Common knowledge from people who know the cycle of the market, any kind of market will tell you that there are cycles.
If you don’t like my car buying analogy, then how about buying stocks. Over the long term, stock has always out performed housing, so stock will always go up too. Does that mean I get to sue my brokerage when I lose $ on one of my purchase? It’s just as crazy as people who lost their $ from the .com suing brokerage and analysts.
