PS, we look forward to your thoughts after you read Campbell’s book.
Will do, tomorrow, post the graph of the data.
I will buy a particular property (1) only when the fundamentals make sense (i.e., reasonable relationship between imputed rent and price) and (2) may delay a purchase if it appears that the market is going to overcorrect and I can buy something comparable cheaper, later. Why would I pay more, sooner if I don’t have to and if my rental house is perfectly comfortable during the interim?
And, I will especially use both fundamentals and timing on a purchase of any rental properties (if my gold mining company mutual funds come through big time!).
