Those Waiting For A 2008 Era Buying Opportunity

[James Ashley]

It's not coming. I'm not saying there won't be discounts but seeing properties reduced 75-80% from their value isn't happening. The difference between now and then is that in 2008 the housing market WAS the pandemic. Those that are waiting for some big crash so they can get in are going to be waiting awhile.

[Asim Sheikh]

@James Ashley - agreed, and no one really knows what's going to happen in a few months from now, since there hasn't been a pandemic of this proportion during any of our lifetimes.  There are just way too many variables to predict how the market will respond, as the government has also stepped in to provide relief in a big way.  So, I am taking a "wait and see" approach.