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> House prices will de-value enough, so don't buy property for the next 1-3 years. I don't follow. Are you saying don't buy until till the drop or, don't buy w
by lbotos 7y ago
> House prices will de-value enough, so don't buy property for the next 1-3 years.
I don't follow. Are you saying don't buy until till the drop or, don't buy when it drops?
- czbond 7y agoEach house market would act differently, some with a depressed recovery, some a whipsaw recovery. Watch your own market as the rule applies "last to go up, first to go down". Coastal markets will drop enough, interior less. Here is a good Case Shiller analysis of prices over time for markets. Buy when it gets near last periods low prices (do own analysis, don't rely on my flippant date mention though...). https://wolfstreet.com/2019/08/01/housing-bubbles-chicago-dallas-atlanta-minneapolis-charlotte-still-crushed-detroit-cleveland/ https://wolfstreet.com/2019/08/01/housing-bubbles-chicago-da...