Well, if you want to risk being under water with a mortgage in the near future, be my guest. Its your money, not mine. Are you really not aware of what happened in 2008 with the housing crash? Did you even watch the video?

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Housing is massively overvalued and needs to come crashing down for good.

Well yea that's kinda the point. People who can afford a home are already living in one (the literal homeless aren't buying anytime soon) so it would be very wise to not buy a new one right now IMO.