You are correct that the opinion on this board is lopsided in favor of prices decreasing. I’m on that side. And you’re even correct that some of the people here don’t have much credibility because they always think it’s a bad time to buy. I’m in that group: I didn’t buy when I moved from LA to OC in 1996. Argh!
But you’re incorrect that we all think buyers are stupid, or that we’re all convinced we’re right and you’re wrong regardless of evidence. Given your past success in buying real estate, you are probably quite satisfied to take on some extra risk now, and it wouldn’t ruin you if it didn’t work out. If I were in your situation, I might buy too. I don’t like the emerging market signals, but I’m probably wrong!
Good luck with the buying, and please let us know if you see any signals that could help the rest of us see what’s really happening.
