The problem is that it isn’t as easy to get into a better own vs rent scenario without buying something. Of course timing is important…but so is time.
How about the people who say you are leaving your equity “trapped” in your house instead of liberating it and putting it in higher return investments? Lets see,I could have gotten out that 250k that I have “lost” in equity and be upside down with an increased monthly payment and have a losing stock portfolio, if I had only liberated it earlier.
Lots of people who put down large payments in the bubble got it by “untrapping equity” in the bubble.Many would have been better off staying in the affordable house and watching the equity swing back down.Easy come easy go.