… What if you just let the 5 reasons to buy and the 5 reasons to wait cancel each other out, and buy for lifestyle? You a Housing bull? No thanks. Call me a lifestyle bull. A lifestyle bull in a now confidence sapped china shop. Maybe buy because that house you grew up admiring just came on the market. Buy because you‘re confident in your job status, and that new development just slashed their prices 35%. Buy because your neighbor cuts his grass at 7 am on Saturday mornings.

Buy because the city heat is just about to make your head explode, and cool lake breezes are better than those warm alley breezes any day of the week. Buy because you’ll walk a little taller if you live on that street where the Maples reach across the street and shake hands with each other high overhead. Above all, buy because you want a better lifestyle for you, for your friends, and for your family, and the purchase you’re contemplating allows you to more easily obtain that lifestyle.

If you need fundamentals to buy, realize that interest rates are unbelievably low and inventory is monumentally high. Realize that whether or not the market creates an identifiable bottom, you’re not going to know when it does. If you’re hoarding cash hoping for market bottom balloons to be released from the pink unicorns soaring in the sky, I hope you have fun swimming and boating in your money vat like a decidedly uncartoonish Scrooge McDuck. Just buy because many of the 320 months of summer we’re all hoping for out of life have already been wasted worrying about 5% market swings, and 5% interest rates.

David Curry is a Realtor in Lake Geneva, WI. He blogs at www.genevalakefrontrealty.com/blog

Filed under: Commentary, Real Estate Market