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I guess the idea is to sell, live on rent for a while, and then buy a new home after the crash. Easy to make a decent profit if house prices crash by 30%.

• lsc 13y ago
  >I guess the idea is to sell, live on rent for a while, and then buy a new home after the crash. Easy to make a decent profit if house prices crash by 30%. yeah, if you can time markets, there's all sorts of ways to make money. Me? I refused to buy when I got my first "real job" in '98, because clearly we were in a tech bubble and a real estate bubble. I should have bought then. Even if I then sold at the depth of the crash in '08, I'd have still been ahead. I mean, I'm not saying that the current bubble is similar; all I'm saying is that seeing that it's a bubble is easy; timing that bubble is /hard/