Zk, nothing is a sure thing. My husband and I sold our house because we felt that there was at least a 90% chance that housing prices were going to decline. 90% is a big number. It is very rare to see an investment opportunity with those kind of numbers. There is certainly a chance we could be wrong but we will still feel like winners.
I’ve been telling everyone I know that now is a bad time to be in RE. A few have gotten mad at me because they have significant exposure in RE. I’d rather have them mad at me now for making them fearful AND mad at me later for being right then mad at me later for not telling them the truth when they still had a chance to do something about it. If they make an informed decision to ride it out, then at least they know the risks.
There might still be some upward movement in RE — if interest rates went to 2.5%.
