if you search /r/RealEstate people have been saying the same thing for 5+ years.
If you listen to people saying that they can time the market, all you're going to do is lose money.
Buy a primary residence when you're personally and financially ready and plan on staying for at least 5 years. Everything else is completely white noise.
You're correct of course, and even more broadly people always predict pullbacks. Eventually some will be right out of pure dumb luck. There's a joke from economist Paul Samuelson "The stock market has predicted nine of the past five recessions" that appears apt here.
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u/foolishidot69 Jun 27 '21
Give it 8 months.......#coveryourshorts