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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (48819)2/21/2006 12:02:33 PM
From: Lizzie TudorRead Replies (3) of 306849
 
Do you agree with me that the best time to buy in the last downturn was earlier on in the cycle than the papers imply? Say prices bottomed in 94, my thinking was buying in 91-92 was best, buyers were cutting huge deals then.

I ask because I have some employees looking to buy and they are waiting, they can't get in right now but hoping for a decline. Maybe in a year or so would be good? These people can't afford to lose 25% of their home value they need to time it right.
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