Quote:
Originally Posted by MX rider
I think it really depends on the reason someone is buying. If you're buying here to live, find a home you like at a price you feel is fair and enjoy the years you have left.
Why wait?
Unless you plan on reselling soon, who cares what the home values do? Just like the stock market, they go up and down. And just like stocks, you haven't lost a dime unless you sell.
If interest rates go down, the market will heat up again imo. Then prices will head the other direction. But really, nobody knows for sure.
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We sold our home in the Villages for a profit. We are now renting in the Villages. Our social security checks cover all of our expenses and we are enjoying a no maintenance life. The money we made on our home is earning nice interest. There is no reason for us to rush into another home. If there is a deal out there, hopefully, we will find it. We feel most comfortable in a home that will gain equity quickly. Model and location is not that important. Just our preference. And so, we will wait until the right opportunity comes along. We are not missing out on anything.