Not to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.
