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Re: xe2dy post# 396

Tuesday, 05/11/2021 4:50:40 PM

Tuesday, May 11, 2021 4:50:40 PM

Post# of 456
We were thinking of buying a vacation property. We held off.

NOBODY has a crystal ball. Not me, for sure.

I did not see this raging bull market coming. So, what do I know?

And while all the stories of bidding wars for homes make things sound crazy, I remember bidding wars back in the early 2000s -- and while people though the end was soon, the market for real estate didn't crash until like 2008 (you can argue the exact timing). My point is that things can go from crazy expensive to really crazy expensive and take years for the bottom to fall out.

Best of luck on your decision!

I am obviously NOT an investment advisor.