From now for the next 3 years will be the worst time to get a house. Geo-political instability, raising interest rates and insane property prices mean your chance of capital lost is much higher than capital gains. Property prices going against the direction Gov wants to see and making new highs will mean tougher counter measures will be implemented to curb the property bubble. Golden Rule #1 ~ Never bet against the government/ policy makers.
China has taken the lead to curb property prices. US FOMC in the latest statement warned of a housing "reset". The warning shots are loud so don't be stupid. Stay with your parents, build up our finances and wait for the impending crash.
