We were looking to buy a house in greater Phoenix this summer. We will stay in our rental until the bubble bursts. I am NOT buying at top of market again. Last time I bought a house was at top of market in 2006. It lost 40% of it’s value and NEVER recovered fully.
“We will stay in our rental until the bubble bursts.”
I hope that works out for you. My brother has plenty of money but has been renting in Seattle for 20 years because “house prices are too high”.