My situation is exactly the same as yours, PS. We sold our house last year. We’re renting, and we’re planning on buying when we think the time is right. (That wasn’t the plan when we sold, but once we were out of the market, we didn’t think getting back in at today’s prices would be a good move.) As I’ve said a few times here, I think prices will drop substantially in the next few years, and our only difference on that issue is our level of certainty. I’m actually somewhat apprehensive about it.
I am in no way connected with the RE industry. In fact, they generally disgust me with their misleading of people about the market and their maneuvering to keep their stranglehold on their commission system (primarily the fact that most realtors won’t show a property unless at least a 2.5% commission is offered. To me that is at the very least extremely unethical). So if I appear in any way to be taking their side, it’s not because I’m on their side, it’s because I try as hard as I can to see both sides of any issue. Even if the other side of this issue scares the heck out of me (prices keep going up while I’m renting).
Any news/info you can bring back from the meeting this morning would be greatly appreciated by us all, I’m sure. Looking forward to that.
