Posted by Matthew Chan on April 27, 1999 at 01:32:31:
While I am not yet an expert, I have heard many people who succeeded say the best time to buy is when the market and economy is at its worst. Because inevitably things will turn for the better. At that point, the people who bought at dirt, cheap prices become wealthier.
Having learned this concept, I am willing to take a chance and “live on the edge” and hope the economy slows and the stock & RE markets crash. That way I can get in on ground floor while the masses panic & flee the market. Isn’t that terrible of me to wish a bad economy?
With my limited wisdom, I would say that now is a good time to position yourself when that time comes. Start saving up, get those expenses down, and eliminate consumer/credit card debt.