Quote:
Originally Posted by rustyp
This makes sense to me. If it does to you and a new home is in your near future then:
- Don't sell high and buy high now
- Don't sit and do nothing (your present house value will also go down)
- Sell now and rent (anywhere) until the crash comes then buy
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Correct!
You can't buy a house low without selling your current house high first!
The typical response is to hold onto high prices but investing being counter intuitive, you have to sell high prices in order to afford low prices later. . . of course there is effort to do so, some inconvenience, and the people in the villages with the
high asking prices are properly following the rule above.
finance guy