Quote:
Originally Posted by DementedReality
so you are in the camp that prices are coming down?
with that said, if i am selling in the same market, will it really matter if i sell and buy on the way down or not? my property in theory will track what i am buying ... so even if i wait for the market to correct, my current house will also get the correction and i am no further behind or ahead.
right?
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What?
If you buy high and then sell on the way down you lose a LOT of money.
The same leveridge that makes so many people so much money on the way up loses people so much money on the way down. It is why people throw themselves off buildings when real estate prices drop....
Claeren.