“I think that when the right time to buy does come, it will be obvious — like it was in 1996”
Was it obvious in 1996 ? I don’t think so.
It was obvious in 2000 that 1996 was a very good year to have bought.
Seriously – properties opened up to me in 1995 that weren’t possible a couple of years previously. I took a chance that things could get lower but in retrospect, anything within a two year spread was a good time to buy.