Is buying a house in a buyers market always the way to go?

[Quixote1818]

Isn't it more important to buy into a market that is going to go up in value over the next few years rather than stay stagnant?

I bought my house in a sellers market three years ago and it went up $60,000 over the past three years. If I were to buy now it might not go up hardly at all in the next three years. If I had waited for the buyers market I would have missed out on $60,000.

I am no expert in Real Estate but it seems to me that a buyers market isn't always the best time to buy though I guess it depends on how long you plan on staying in the house and what the market was like where you were moving from etc.

[Redstone]

1. Best advice I've ever heard is this: "Buy a house EITHER as

a place to live, OR as investment. Not both."

Makes sense to me.

Redstone

[Genevieve]

2. I don't know - I also bought my place almost three years ago.

So far, the value of my home has increased by 70%. So I guess a seller's market worked out well for me.

Except, I don't plan on ever selling it.

[Wcross]

3. Yes.

If you buy in a sellers market you are overpaying.

[QueenOfCalifornia]

4. Why do you think

they call it a "buyers market?"

[Perseid]

5. stay with the house a while

take out a third mortgage and buy gold or platinum.

I really don't know. Every situation and place is so different, that no one can give you good advice other than someone you hire in your area.

[Colorado Progressive]

6. If you sold now (buyers) you would also be replacing it in a buyers

market. I think its a wash. Unless you can buy in a buyers, then sell in a sellers, and somehow buy into another buyers.