Monday, June 12, 2006
My Home: If You Believed Housing Prices Would Come Down...What Would You Do?
If you believed that housing prices will come down within a couple years, but you found a pretty good deal on a house at the right price, would you go for it? Or would you wait? I've heard lots of arguments. It's an investment, and you can't time the market. There's only so much land, prices will always go up. And many more... Or, would you hold out until a specific date? In my situation, summer 2007. After thinking about it, I've come to the conclusion that sometimes that saying opportunity comes once in a lifetime leads me to make decisions that are not always in my best interest. The fact is opportunity is always there, you just have to find it. I'm going to hold out. I can accept my decision should housing prices go up, but I think I would have a harder time accepting if I bought and prices went down.