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I'm glad I bought late last year, I got a nice discount and 0.9% financing. The only bad thing is that used prices were only elevated, not insane. If I'd held on a few more months, I could've gotten thousands more for my old car.
I wouldn't count on another 2008-style housing crash. Of the four major factors that caused it, excessive demand is the only one that currently exists in the housing market. Yes, prices will likely stabilize and possibly drop a bit. But there was a ton of inventory in 2008, while inventory is now scarce. People were encouraged to take adjustable rate mortgages years before the crash when rates were already low, only to have the federal reserve raise rates to historically normal levels. Once those mortgages readjusted, buyers who had stretched themselves thin couldn't pay. Third, lending standards are much tighter than they used to be. No more NINJA loans (no income, no job, no assets, for those who never heard that joke.)
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