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speculatrix t1_j6a3guo wrote

When prices have been falling, you might find there is a better choice of property to compare, and can pick and choose more easily, and more time to consider.

When prices have been rising and people are panic buying, you can't take the time to consider carefully and there may be little choice at any one time, and might get rushed into a suboptimal choice.

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xlem1 OP t1_j6ajpnl wrote

Sure, buying a house when prices are low is just objectively better, but waiting for the perfect time to buy a house could have you waiting for years. Perfect is the enemy of good as the saying goes

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