[quote=peterb]Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.[/quote]
It is explicit to everyone that if you don’t have a job, you don’t want to buy a house right now. But I don’t understand the reason why when you have a job, you want to wait for other unemployed people to get their jobs as well (thus competing with you on the house), before you decide to buy a house.
