When is the best time to purchase a house?
When the market crashes? Do you think now is a good time to buy a house in this economy?
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Housing markets typically don't crash like the stock market crashes with predictable frequency. Housing markets level off, but Real Estate typically doesn't devalue during times of recession, even if people are losing their jobs. Everyone needs a place to live, so selling off the house to pay-off your debts is the best way to shoot yourself in the foot in your attempt to become financially solvent.
The worst time to buy a house is when everyone else is doing the same thing, which means the inventory is low and the prices are often artificially inflated to take advantage of a 'hot' sales market.
If you own a house already but choose to wait until the housing market slows to a crawl, your own house will also sell at a lower price when you attempt to buy another house at a low price. Everything is equal. If you sell high, you buy high. If you sell low, you buy low.
At the end of the day, the best time to buy a house is when the 'right' house presents itself to you for all the right reasons and then jump all over it while it's still available or live to regret buying it.
The worst time to buy a house is when everyone else is doing the same thing, which means the inventory is low and the prices are often artificially inflated to take advantage of a 'hot' sales market.
If you own a house already but choose to wait until the housing market slows to a crawl, your own house will also sell at a lower price when you attempt to buy another house at a low price. Everything is equal. If you sell high, you buy high. If you sell low, you buy low.
At the end of the day, the best time to buy a house is when the 'right' house presents itself to you for all the right reasons and then jump all over it while it's still available or live to regret buying it.