When did this ball BOUNCE?
I can tell you --- it bounced when it hit bottom and started back up.
There is an old saying, "buy low". This is TRUE- however - no one has EVER said "Buy Bottom".
Why not -- why not "Buy Bottom, Sell TOP?"
Because we don't know know where Bottom is? We don't know where TOP is either.
So here is the best advise I can give..... AIM LOW!
Weigh all the facts, the interest rate, the current price of homes and when you think it's LOW enough for you, get off the fence and BUY.
I do know this --- there are going to be a lot of people in a few years who said "I wish I had bought that house in 2009, it was ONLY $XYZ. " We've seen it before, we'll see it again.
AIM LOW ----- BUY LOW-----
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