Comment by VirusNewbie

Keep in mind that not only did people predict the housing crash, some were certain houses would be sold for pennies on the dollar.

I bought a short sale distressed town house in 2009 for 40% lower than its peak price, and many people told me it was a terrible decision because if I just waited long enough, I'd buy it for a fraction of the price.

I think prices went a bit lower in 2010, but then I gained about 400k in equity over the next 10 years and sold it.