Are you speaking about buying RE as an investment or a place to live? I would assume your speaking of a place to live. If not please comment. If you’re waiting to buy a place to live, clearly wait until you have at least 20% to put down on a property. But beyond that, it’s hard to accurately say how the market will drop. I know for certain that a major correction is coming, to the degree, no one can accurately predict that. The RE market has deviated far far from it’s average mean or average rate of return. Typically when an asset class makes such a strong deviation, it over corrects. Only time will tell here but it doesn’t look good. Just remember no asset class grows to the sky. I also think that in a few years and I’ve said this before, the popularity of real estate as an investment will certainly be of the unpopular variety.
