I 100% agree with everything you are saying here. Where I tend to disagree with the general audience is on this presumption that the market will bear fruit in 1 year or 2 years or whatever arbitrary timeline they are predicting. There are plenty of circumstances that buying today make sense for many people. They found the right house, they plan on staying, the spouse went back to work, the seller wants out and has cut prices. To arbitrarily say that you should buy or not buy and apply this to an entire audience is just nonsnese. Each specific situation needs to be evaluated on it’s own merits.
That is why I posted the reccomendation that money be borrowed against a home for MY FATHER 6 months ago and invested in the stock market. With good credit money could be borrowed for 5% on a 15 year mortgage. There was more upside in the market than his home, the tax deduction provided a margin of safety and if the market went in the opposite direct he had a huge reserve that allowed him to sleep at night. Posters lambasted this idea. It was not right for everyone but it was right for him. Market had a great return, leverage enhanced returns, and he now has a tax deduction to boot.
There are a lot of good posts wher people bring a lot of logic to the table and back it up. There are alos a lot of opinion that get thrown out as if they were facts and this is the arrogance that I speak of.
