You certainly will if you don’t buy a house in todays market!!! I think that anyone who stayed on the sidelines will have a built in prosperity allowance.
I remember the stories of the depression – how some individuals both wealthy and not made money in the market – then sold and went very safe when they realized that the market was somewhat a house of cards. It’s a good time to get safe when the value of stocks wildly change, and people who shouldn’t even be given a credit card start buying houses because of greedy financial programs.
I don’t hope for a recession / depression, but I’m not afraid to position myself for one. I might lose in the short run, but I’m pretty concerned for the next few years. I guess time will tell!
