You'll be waiting a LONG time. The next crash will be student loans. The one after that will be something else entirely.
There won't be another house price crash until there is another generation of people who forgot the old one. You could be waiting 20 to 30 years.
A truism of the financial world is that if you thought of it, so did everyone else. That means that unless you are truly original (you probably aren't) you can only make money on a particular position if that position is one that makes money if everyone does it.
A position that requires you to do it, and everyone else to do something else (like waiting on a crash to buy a house, while everyone else doesn't) isn't going to work. If you are waiting, so is everyone else, and that means everyone will buy, which means the price won't go down, and you have a self-canceling prophecy.
There won't be another house price crash until there is another generation of people who forgot the old one. You could be waiting 20 to 30 years.
A truism of the financial world is that if you thought of it, so did everyone else. That means that unless you are truly original (you probably aren't) you can only make money on a particular position if that position is one that makes money if everyone does it.
A position that requires you to do it, and everyone else to do something else (like waiting on a crash to buy a house, while everyone else doesn't) isn't going to work. If you are waiting, so is everyone else, and that means everyone will buy, which means the price won't go down, and you have a self-canceling prophecy.