re: credit bubble vs house prices

quote:

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Wait. Foreclosures, delinquencies and bankruptcies have been on the rise since their post-COVID lows. They are still all relatively low but their rise as we look to be heading into a recessionary (or stagflation) period means they are likely to increase (and increase fast if the consumer debt bubble pops). That means more supply, meaning prices drop. Once inflation is tamed the Fed will begin dropping rates, that's when it will be time to buy.

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The market hasn't made logical sense in some time. Depending on the location the OP is in, it may be as good of time as any to buy. If rates go down, you have the option to refinance, and if he's in a good area, home prices will remain static or keep rising.

At some point you have to be right. I believe there will be a correction, but when is the biggest question. He could be waiting for years. Or days.