I think if we took a poll on this post I would be willing to guess that those who are most bearish, who come down the hardest on those considering buying most likely have no kids. Okay maybe older kids….
I think there is a HUGE underestimation about the complexity of family dynamics by those with no kids. It really cannot be imagined unless you have one and then throw in multiple kids and it is like… well like nothing I ever could have imagined. Trying to impress upon someone that every dollar you make, that every move you make is no longer in your best interest but in the best interest of your own children is not really possible. I routinely put in about 12 hours of work each day but it is a BREEZE compared to raising children. NOT EVEN CLOSE to being as challenging as raising a child.
Many times I try to bring up the point that there is more to providing family harmony then buying a home at the very bottom of the market. I will never back down from that statement.
Once more I am not promoting that anyone goes out and buys a home, nor is the market at or near a bottom. Yes you can show me spread sheets of how much money is saved by renting verses buying. Nor do I ever promote buying something you cannot afford. This is not anything I disagree with.
It is just that buying a home is very much generalized here. That is, everyone and anyone who is buying now, is 100% labelled a knife catcher. However, everyone makes a purchase for different reasons, and I think very few of them right now, are because people think it is a bottom. Yet people still lower the boom here. So be it.
There is no chance I will be able to wait until 2011 to buy not because I can’t wait, but because I don’t want to put my wife through that wait. She gives more to my family then anyone does in our family including me. She sure the hell is not whiny or spoiled or anything like that. Making money is easy to do. If I need to simply make more money because I will not buy at the bottom, then so be it.
