Wouldn’t you rather hold off and take advantage of someone else’s misfortune? Getting a property for a steal at the bottom of the slump and riding the appreciation up is always so much more satisfying than paying X price and watching the market go below what you paid.
And this way you’ll be buying into a neighborhood that’s acceptable to you at the bottom of the slump instead of buying into a nice neighborhood now and watching it descend to “sofa on the front porch and beater car on blocks on the front lawn” status. (And don’t even think your HOA will prevent that from happening either. They won’t and they can’t. Think back to what happened to all those nice, new planned communities in Palmdale/Lancaster in the last slump)
