Where are the morals and ethics, and what about the fiduciary duty to your clients?
Time is money.
Family situations don’t wait for a bottom. Nor do interest rates.
Hypothetically, let’s say I bought a home a few years ago for $400,000, and today, after some discounting, can get it sold for $600,000. I want a $800,000 house that the family has been eyeing and can make it happen. I have the 20% down and can still afford the $4500/month PITI.
Instead I wait for the bottom or at least, the 20% drop you mention, if interest rates go up 1% from 6% to 7%, I pay more per month for the same house.
