Good time to buy? In Washington state??

[Steve Lee]

Hey Bp, Moved to Washington around Seattle area and been hearing a lot about a market crash. When I look st graphs on zillow it's definitely peaked. What are you guys doing ? Should i continue to rent?? Try and buy a foreclosure. Thanks.

[Andrew Johnson]

Steve Lee There was crash-talk last year, the year before that, and (probably less loudly) the year before that. Still, you'd have made a killing in Seattle, Denver, Austin, Nashville, etc. then. Maybe there will be a crash. Maybe there will be a correction. Maybe there will be a plateau. Maybe it will be tomorrow and maybe it will be in 5 years. You just never know.

If you're hesitant, rent a place month-to-month and only if you find what you think is a good deal. Don't get emotionally swayed to think "I have to get in the market or I'll miss out!" Seattle (last time you looked at the population growth numbers) gets a lot of Bay Area residents moving there. That *may* have an insulating effect on prices based on them appearing relatively cheap. And it will take a huge correction before Bay Area homes come back to "affordable". So Seattle can continue to look like a bargain even in a Bay Area correction.

Just my two cents...