Corona first time home buyers paying too much attention to home prices?

Why does the third richest man in the world (Warren Buffett)  think that first time home buyers like you should get off the proverbial fence? Because owning your first home is the best way to increase your net wealth!

Unfortunately too many first time home buyers pay way too much attention to short-term price changes. They're so worried that prices might drop a little and feel that maybe they should wait to buy something.

Of course if you think you can predict the future  then by all means roll the dice!

However, the reality is that price, within reason, really should be a secondary matter in your search for a good property to purchase. In 2020 or 2022, you won’t even remember the 2012-2013 price fluctuations. You’ll just be gloating to yourself how brilliant you were buying into the market ten years ago. Not only will you have purchased a great property at the most affordable pricing seen in decades, but you will probably have locked in an outrageously low interest rate.

If it's good enough for Warren Buffett it might a good enough reason for you.

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