[quote=sdgrrl]
If the home price drops 20% we wouldn’t be happy, but this is long term so I think over years the value will go up and hopefully you do too. Really hope you do too.
[/quote]
Sure, everything (at least, non-bubble things) goes up over a sufficiently long time frame… the question is how much.
I guess if I were to boil it down, I’d say, if you find a place you love and lock in a long-term monthly payment you can afford, buying right now can be a perfectly sensible thing. But it should be about that, locking in a reasonable price on a good long-term place — not about appreciation potential, because valuations pose a headwind against appreciation.
