gromit266 t1_j5sih2l wrote on January 25, 2023 at 6:31 AM

Be patient and have more than you need in funds. I waited until 2009 after watching the nuttiness. Dropped the 20% + after slumming for some years. It will pay off. Realestate is cyclical, regardless of what some agents might tell you as they drive off in their tesla.
The 80s were insane, then the 90s came along. Early 2000, same shit, then '08. Here we are again.

Western MA is just as bad, if not worse.

kayakyakr t1_j5tkc4k wrote on January 25, 2023 at 1:55 PM

Biggest difference between now an '09 is that inventory is at an all-time low. We didn't build houses for a decade and now he we are in the post-covid run-up and inventory is shit. Prices are up on mediocre demand because there's virtually no supply. Prices were way up a year ago.