I’ve been seeing a lot of posts on Facebook about another housing crash coming. Many people assume there will be a crash just as bad or worse than the last crash we had about 10 years ago. Since the markets are obviously going to crash, they reason, they will wait to buy real estate until prices plummet.
I can understand why people have this attitude, as I would much rather buy houses when they are cheap after a crash than now when prices are high. The problem I have with this viewpoint is that there is no guarantee there will be a housing market crash, and even if there is, how could you know where the bottom hits?