Home Buying In A Declining Market can and normally does make sense. Selected real estate investing makes sense for the same reasons!
In: Now Is A Great Time I talked about the magic amortization provides in real estate it's still there! In: Practical Pragmatic Real Estate I talked about selected real estate investment, opportunities abound for the practical pragmatist.
Today Home Buying In A Declining Market is all about stability! Stability in a declining market sounds like an oxymoron. It is an oxymoron to morons, talking heads and the lemmings they so disdain.
A home of your own has always provided short and long term stability to it's family! A home of your own continues to provide long term stability to it's family!
A home of your own continues to provide long term stability to it's family, just like it did to our Grandparents and Great Grandparents!
We and our parents have been farming real estate for more than twenty years. We've been harvesting equity, like any other cash crop on a routine basis until we created another dust bowl when the politicos created an artificial drought. We can still farm equity, but it's now like a tree farm.
We've been harvesting cash when we should have been planting roots! We should have been raising children. We should have been nesting! We should have been growing memories! We should have been cultivating good neighbors! We should have been growing commutes! We should have been concentrating on social intercourse! We should have been taking care of our home the way a farmer does the land! We should have been homesteading!
We should have been and we still can!
Those oh so eloquent, seemingly educated, but ignorant, script reading, moronic talking heads tell us. "Don't buy today!" "You'll lose money" "It will be worth less tomorrow!" "You'll lose your equity!" "You should make big down payments so you'll maintain equity when the market drops!" So what?
Home equity is only important on two days!
Home equity is only important on the day you purchase a home and the day you sell the home!
To much equity on the day you purchase a home is a major mistake! Equity is optional. Liquidity is mandatory! In a falling market no amount of fleeting equity can replace liquid reserves!
To little equity at the time of sale is disappointing! Nothing more.
In January of 2010 I wrote:A Though For Ought-Ten With Few Exceptions Today Is Always A Better Time To Buy Than Tomorrow Nothing has changed, if you hold up your end homes always hold up theirs!
Home ownership always provides stability. Stable cost! Stable neighborhood. Stable lifestyle. Stable memories. See: Grandmas' House 
Today we have to provide our home with the longevity our grandparents blessed theirs with. My maternal Grandparents paid for their home for fifteen years and lived in it for forty! My cousin still owns my paternal Grandparents home, it's been in the family over seventy years!
Home ownership always pays in the long term! Always!
Equity comes to those that wait! Always!
That's me Dad's holding, in the back yard of my of my Grandparents home in the fall of 1948. In the back is Dad's Dad, up front is Dad's Dad's Dad. I remember the home, I remember the yard, I remember the men, I don't remember posing for this photo.
Homes are so much more than the building they occupier. Homes have a soul.
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