“The sooner you buy, the sooner you’ll be mortgage free, and then the sooner you can retire/diversify your time with minimal monthly fixed costs. If I had bought when I was 20, I would likely be mortgage free right now. In 10 years, I’ll likely be glad I bought when I did (last year ), as opposed to waiting an additional 5 years.”
– gobigorgohome at RETalks 27 Nov 2012 12:54pm
Timing can be a bitchallenging.*
People who bought near the top in 1981-1982 waited 25 years (yes, twenty-five, not a typo) to break-even in real dollar terms.
[* see what he did there? if only you were all as polite. -ed.]