It will be an excellent time to buy in, say 2012 to 2015. It is a very poor time to buy right now, unless you are simply moving from one home to another. I cannot imagine entering the market at this time.
And it is more prudent to wait for the bottom and then buy shortly after it starts going up than to buy just as the prices START to fall off a cliff - which is where I believe we are now. The former position holds very little risk, the latter, huge risk.
“say 2012 to 2015.”
That is an Armageddon point of view of the housing market.
If that happens the entire economy will be dead.
I don’t buy it..