4 ms·

I remember thinking the same thing back in 2006 when I bought a home. The house lost 30% of it's value after two years. Turned out 2009 would have been a better

I remember thinking the same thing back in 2006 when I bought a home. The house lost 30% of it's value after two years. Turned out 2009 would have been a better time to buy.

jjoonathan 5y ago
(music) time in the market beats market timing (music) 'cept when it doesn't, of course!
yardie 5y ago
And the result of 2009 was a tightening in lending standards. Which helped create a 5 year glut of housing. More housing was built than there were qualified buyers to take possession. Those govt lending standards haven’t abated. If anything they are too strict as buyers have to bring more cash to closing since appraisals aren’t matching sales prices. We’re headed for a slow down for sure but not a reversal. As much as I’d like that to be the case.