“That said, as AN pointed out, long term (really long term) 20+ years, you’ll likely come out ahead, depending on what you buy and provided you only look at the house. Would you be better served buying a little further down? Maybe to probably. How much better is open to speculation.”
In my opinion, that assumption could be driving with the rearview mirror and extremely dangerous right now. We are headed into uncharted territories. The last time the macroeconomic picture for the US looks it does now was in the late 1920’s. To me, the probability of the long term RE hold has diminshed somewhat in the past couple of years and I’d rather wait it out to see what happens.
