What's going to drive the price of real estate down and why would that happen? Why would the interest rate go up by 3%? Politicians would be voted out en masse if they did something that destructive to home values. Inflation is driven by the mass printing of money by both Trump and Biden, not by a low fed prime rate. They'll probably raise it .5% in 2022, but that's not going to have a large impact on house prices.

90% of the world's millionaires got there by real estate - that investment isn't going anywhere long term. And there is no mortgage crisis to drive a short term crisis. House prices may settle back in 5%-10%, but they're not going to drop significantly.

As for the OP's question - I am very slow to make big purchases. I usually doubt them back and forth a few times.

We have put our house purchase in Florida on hold for now. Wife spent a month looking at places there and we are NOT going to over pay for some of the junk that is being sold. i also contemplated looking for a nice used boat but I'm going to wait on that a well.

This is how I approach spending decisions. At 54, I look at every $1 spent today as $2 of retirement money. I don’t sweat the small stuff, but the bigger purchases deserve proper thinking.

My wife started in about an Expedition. Thinks her 4runner is too small. I just can't bite the bullet right now. It's a seller's market.

Buyer's remorse is not fun. And I've been there many times.

This is true. Everything is a trade off, and I don’t want to be working in my 60s. The ability to delay pleasure is a sign of maturity.

My wife must be VERY mature. She delays my pleasure regularly.

I bought a new boat and truck in 2020. There wasn't any discount on my boat, it is a Nitro Z20 and they sell for pretty much the same everywhere. I did get that $500 in house spending card from BPS. But they had the one i wanted in stock so I did not have to wait on one.
My truck a 202 Chevy Silverado RST model, I was super lucky on that one. I guess they needed to make a sell because list price was over $55,000 and I told them i would buy it for $42,000 and they agreed.
I am set for a good 20 years or so. My house is paid for, so those are my only two payments which both of them will be paid off in 3 more years.

If you plan on purchasing a vehicle and have a trade or vehicle to sell its no big deal. Even though dealers are getting full retail or more used is bringing outrageous money. Kind of makes it a wash comparing to a normal market. It's only a problem if you're needing a new ride that isn't replacing another one.

Very true, expect the fact that inflation is at nearly 40 year highs and when a loaf of bread begins to cost $5 the sh#t will hit the fan. Not since quantitative easing began in 2008, have we had any inflation to worry about and certainly not at these rates.
All the idiots in Washington came up with this “great philosophy” of pumping cash to heat up an economy and we are currently at 1.25 debt to GDP ratio. The first time since World War II. The difference is during World War II we built things. Over the last 20 years we have just pumped cash into entitlement programs without holding anybody accountable. During World War II we taught people how to fish. In the last 20 years we just gave people fish. It could get bad especially when the national debt service outstrips the department of defense annual budget.
They will have to raise rates to fight inflation or you’ll end up with the dollar beginning to look like Venezuela. The outcome either way ain’t pretty.
Sidelines for me

I’ve been scared to buy something for the last 10 years, kept waiting for the price drop, boy did that backfire. I don’t see prices ever coming down on anything, especially when fast food workers are getting $18 hr. No way I’m paying $65k for boat that was $52k last year. Doubt I’ll ever buy a new boat with the way prices keep rising. Land cost where I live are beyond insane and the cheap cookie cutter houses are $350k and up.

easy to tell you know nothing of the 1980's.
ask me how I know....

Yep
In 1982 my first car payment. A 10% interest-rate. In 1985 my first house carried an 8% interest rate. Hold on y’all it’s going to happen

There is a new pistol I want.
That's "want," but I do not need.

I'm in between jobs, so yes, I'm definitely "holding off" for now.

...------

I always find myself putting off buying stuff because I research EVERYTHING and then by the time I've made up my mind, the new model is coming out in another month or two so then I must wait for that and then it starts all over again. I've been researching trucks for the last year and have put 30,000 miles on mine since then, but now a lot of new models are coming out in 2023... oh well, I have a 2022 on order.