3 ms·

Given how rare a 66% crash is, it seems suboptimal to sit on cash until one occurs. I think there are only two instances in the past century where prices crash

• llampx 5y ago
  In recent years, house prices have gone up faster than most people's ability to save up a down payment (barring 0 down offers). So let's say you wanted to save 20% for a down payment and closing costs. That 20% was growing faster than people's ability to save for it. These are the buyers that have been priced out of the market and are the ones that pretty much have to wait for a crash.
  • techdragon 5y ago
    While I’m not in this exact situation, it’s why I’m waiting. I’m barely over the edge of this with enough that I could pull the trigger assuming I feel like completely changing my work life balance, commuting arrangements, social life, etc, in order to move a significant distance away in order to take advantage of lower property prices. It’s obvious as someone living in an area where value is rising faster than peoples ability to save, that the crash will be quite dramatic in these areas in particular. While I don’t expect a 2/3rd crash across the entire property market, I do expect major price realignments well in excess of 25%