CA Real Estate Market... Should I wait

[James Wilder]

Hello all! My name is James and I'm in my mid twenties living in the greater Los Angeles area. I'm new to bigger pockets but i have finally saved up some money I am interested in house hacking a duplex. I plan to do this using a FHA loan; however I am having some difficulty in determining the timing of when I should do this. As many if you know the real estate market in LA is very expensive (anything in a decent area is around $1M). Going off of the principle that what goes up must come down I believe it to be inevitable for house to level out (even in CA). I am wondering if you (the bigger pockets community) believe it to be wise to wait for prices to come down in an extremely expensive market. Thank you in advance!