Waiting for the Market to Crash Will Cost You $$$ in the Long Run

𝙒𝙖𝙞𝙩𝙞𝙣𝙜 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩 𝙩𝙤 𝙘𝙧𝙖𝙨𝙝 𝙞𝙨 𝙣𝙚𝙫𝙚𝙧 𝙜𝙤𝙞𝙣𝙜 𝙩𝙤 𝙬𝙤𝙧𝙠.

I keep hearing this over and over again. “I can’t wait for the market to crash, I’m gonna make so much money”.

𝗜𝘁’𝘀 𝗡𝗘𝗩𝗘𝗥 𝗴𝗼𝗶𝗻𝗴 𝘁𝗼 𝘄𝗼𝗿𝗸.

If you bought a house in the last two years when interest rates were actually at 2% and you could get debt really really cheap, you would’ve made so much money.

• In fact a lot of the homes are still up 40% right now.
• Even if the market drops 20, you’re still up 20.

2 years ago I bought a house for 435k. The house across the street, very comparable to mine, just sold for 600k. In a couple years, my house is going to go for nowhere close to what I paid for it.

𝐈𝐟 𝐈 𝐡𝐚𝐝 𝐰𝐚𝐢𝐭𝐞𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐝𝐫𝐨𝐩, 𝐈 𝐰𝐨𝐮𝐥𝐝’𝐯𝐞 𝐩𝐚𝐢𝐝 𝐦𝐚𝐲𝐛𝐞 𝟓𝟓𝟎 $𝟔𝟎𝟎,𝟎𝟎𝟎 𝐚𝐭 𝐚 𝟔% 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐫𝐚𝐭𝐞.

Even if prices drop 20% (which people don’t think it will) you’re still paying 20% more than what you could’ve gotten the house for two years ago.

𝙈𝙮 𝙥𝙤𝙞𝙣𝙩 𝙞𝙨, 𝙩𝙧𝙮𝙞𝙣𝙜 𝙩𝙤 𝙩𝙞𝙢𝙚 𝙩𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩 𝙗𝙮 𝙬𝙖𝙞𝙩𝙞𝙣𝙜 𝙞𝙨𝙣’𝙩 𝙜𝙤𝙞𝙣𝙜 𝙩𝙤 𝙜𝙚𝙩 𝙮𝙤𝙪 𝙖 𝙙𝙚𝙖𝙡.