We’re currently renting (well, we own a small mobile home but rent the space) and we’re looking to buy a house, but they’re still overpriced for what we want, and can afford. Like many, we’re eagerly awaiting the day when house prices are back to fundamentals so we can move up without selling our souls to do it.
I think SD Realtor has the right balance and honesty in how he regards his profession in the current declining market. If I was looking for a home in SD I’d give him a call, but we’re about 120 miles North of there.
Anyhow, don’t be so quick to judge, I’ve found his comments to be well founded and realistic.
I too agree, that if you found the place you want, can afford it, and plan to stay, then buy it now. It’s a home, not an investment after all.
But, for many such as myself, there’s no choice but to wait, as we can’t afford the current prices.
What ever makes sense for your situation is what you should do. And I think most everyone here has realized by now, that the market is in for a long decline. It is the bottom that is going to be hard to judge. But, then again, once the house you want is affordable and within your reach, it really does not matter if it has reached the bottom or not, now does it?
