re: credit bubble vs house prices

I’m completely torn in this one. Anyone that looks at housing price charts can see this is unsustainable but there’s no way to tell how long it will go on. I’m holding out for an investment property but that’s different from a residence.

An old manager of mine told me to always stretch just a little on your house as it will go up in value and you’ll make more over time. We could see another 5 years of pricing going up at least so if you’re in a good market and find something you like and can afford buy it. If rates start getting cut refinance and keep rolling. Equity is king in housing as long as you don’t stretch too much.