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I'd check out Random Walk on Wall Street. Read what it has to say on trying to time the market, and decide whether you think it applies to Real Estate. Then, th
by gdubs 9y ago
I'd check out Random Walk on Wall Street. Read what it has to say on trying to time the market, and decide whether you think it applies to Real Estate. Then, think hard about why you're buying a home. Is it to live in for a long time? Or are you hoping to resell it in a short time frame? Are you thinking of Real Estate as an investment?
Burton Malkiel – author of random walk – says that in general you can't time markets. There's a ton of evidence on this. (Most is related to stocks and bonds, so take it with a grain of salt.) But what you can look for is irrationality.
Irrationality is what was identified by the folks who made a killing on the last crash. See "The Big Short".
- captain_crabs 9y agoLove that movie. The house is for a very specific purpose: it's how I want my life to be. Both to live with SO, but also to have space to get an aquaponics setup running. So that will be happening when it needs to happen regardless of market timing. But if there's a thing I can take advantage of in that window, totally should! Is random walk on wall street viable on audio (audible) or are there a lot of charts and stuff?
- AnimalMuppet 9y agoThe best quote on timing the market is: "The market can stay irrational longer than you can stay solvent." (John Maynard Keynes)