Why ‘Waiting for the Market to Crash’ is the Worst Real Estate Strategy (and What You Should Be Doing Instead)
Why Waiting for a Market Crash is a Bad Idea: What to Do Instead
If I had a dollar for every time someone told me, “I’m just waiting for the market to crash,” I’d have enough for a beach vacation in Puerto Rico! Don’t get me wrong—I get why you’d want to wait for a ‘deal.’ But this whole idea of waiting for a market crash is like waiting for the perfect wave, only to find out the tide’s gone out. While you’re watching and waiting, the opportunities are floating away.
• You Can’t Predict the Future: Let’s face it—if anyone could perfectly time the market, we’d all be sipping piña coladas on our private islands. The market is unpredictable, and waiting for that magical crash means gambling with your future. Sure, the market might dip or plateau, but betting on a crash? That’s as uncertain as my teenager remembering to do the chores!
What to Do Instead: Rather than putting all your chips on a market crash, focus on your personal timeline. Are you financially ready? Is your lease expiring, or are you ready to upsize or downsize? Base your decision on where you’re at, not where you think the market might be going. Remember, in real estate, it’s not about timing the market—it’s about time in the market.
• Rising Rents Could Sink Your Ship: While you’re waiting for that elusive crash, rents are sneaking up like that unexpected extra charge at the end of a restaurant bill. And let’s be real—rent is money you’ll never see again. Meanwhile, homeownership means you’re investing in you, building equity, and planting financial roots.
What to Do Instead: If you’re tired of throwing money away on rent, consider getting pre-approved and exploring your options now. You don’t have to buy a mansion, but even a modest home can start building your financial future and protect you from skyrocketing rents.
• Inflation Won’t Wait for You: Inflation is like that persistent ex who just won’t quit showing up—always making things a little more complicated. And right now, it’s eating away at your purchasing power while you’re sitting on the sidelines. While you’re busy waiting for a crash, inflation is making everything—from that morning coffee to your dream home—a little more expensive.
What to Do Instead: Rather than letting inflation dictate your future, lock in today’s prices with a fixed-rate mortgage. Buying now allows you to stabilize your housing costs, even if prices continue to climb in the future. It’s like hitting the ‘pause’ button on rising costs.
• Low Inventory Isn’t Going Anywhere: Let’s be clear—one of the biggest reasons the market isn’t likely to crash is low inventory. It’s not just a trend; it’s a reality that isn’t changing anytime soon. With fewer homes available and buyer demand still strong, waiting for a crash could leave you with even less to choose from.
What to Do Instead: Get strategic! Explore up-and-coming neighborhoods, consider new construction homes, or ask your agent (hello, that’s me!) about off-market listings. There are creative ways to find homes without waiting for inventory to magically double overnight.
Ready to Stop Waiting? Let’s connect and talk through your options before that market “crash” leaves you in the dust. Click below.
Until next time,
Evie DeJesus
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