irvinehomeowner said:
fortune11 said:
the thing we miss is -- falling prices mean jack if the home you want to buy is not available
This is what I said on the other thread where the OP wanted advice on what they should do in regards to moving up.
It's much harder to time buy opportunities on a home you want to live in... there is little emotion related to stocks/bitcoin/tulips.
Agree.
Short term investors should just take a step back here and let FCBs with 10+y horizons continue lapping them up ...
But if you want to live in the home longer term, focus on the area you want to live in and seize the opportunity when it arises
Even if we see a dip, there is tons of private equity money on sidelines competing with you to buy -- so expect it to be shallow ... (lack of) supply is the big difference this time around as others have said too. I know hard to appreciate that since we are drowning in new construction in Irvine .