You got it. Best time to buy EVER, every day. It is never NOT the best time to buy. EVER.
Just you wait. As sure as we have a dwindling parade of Freepyannas proclaiming “best time to buy ever”, there will eventually be a similar parade of “housing will never be a good investment ever again.” In Sacramento, I head that long and loud back in 1992. That the housing boom was a freak phenomenon and would never occur again in our lifetimes.
I heard this from many coworkers, and I could no more convince them that the cycle HAD to turn up, than I could convince a new cast of coworkers in 2004 that the boom cycle HAD to turn down.
Watch and see. Before this crisis has completely run its course, as housing bottoms, we will see posts on this very forum saying that housing is a lousy investment, it is just for living in, and the change in demographics, etc. means houses will appreciate below inflation for decades. Mark my words. People will post this. Then I will know we have hit bottom. Yet, by 2020, we will probably be in another housing boom.
Probably. However, this is complex stuff. A lot of variables. Folks expect to read a book or even a pamphlet to get an idea of the cycles. And it just don’t work that way.
I gotta tell ya, I was shocked by the number of people — seemingly intelligent people — who jumped on the real estate bandwagon.