It's interesting that no matter when you sell, if you buy at around same time you get equal value.
Sure you can try to pick the peak in the market sell then buy back in when values fall but when you factor in what you pay in rent in the meantime you probably not that much better off.
The way I figure it is that I will always need a roof over my head so makes scene to always own a house, even if I am not living in it I can rent it out and it pays for my rent living else where.
As has been pointed out may times before here, the percentage of people that have very little equity is quite small and that alone is reason property will not tank anywhere near as bad as some suggest
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