cstca wrote: ↑Mar 24th, 2014 3:49 pmI admire your tenacity to prove you are always right. You are at the point where regardless what other people are saying or showing, you will say the RE market is going only up. From my limited knowledge of market, in general, I don't know any asset going just up for a very long time (>30 years). You have to admit that RE, like any other asset, will go up and down during our lifetime. The fact that someone was able to buy when prices were low is just pure luck. In life, some people are luckier than others...
Now take me easy, I don't want to offend you.
I don't think I said any of that sort. I am merely stating that unless the poster is accurately predicting a peak, the statement that waiting a few years is not only unhelpful, it's quite financially damaging.
I don't think RE will go up indefinitely. I do think that going up 30% and then regressing 15%, is still a net loss financially.
The take home message is that you should buy when you can buy. If you try to time it, you will most likely lose instead of gain... and lose a lot.