So if you are smart enough to wait it out while prices are going down what to say you are not going to be dumb enough to wait too long to jump back in. Anyone who has been living here for 7 years of longer and did not buy missed the boat once. What is to say they are not going to miss it again. Seems to me you might be smart to be renting relative to the guy buying in 2006 but you must really look pretty dumb compared to the guy who bought in 99.
Couldn’t buyers have created a site about renters in 1999 talking about the Kool Aid of renting.
Here’s a forecast there will be a handful of people the will time the market perfectly. For the rest they will either buy to early or buy too late. Just the way it is.
