my decision is based on economics, and if it is going to go down even further, then I will wait until 2009. I pre empted summer of 2008 because I had only seen the article in the tribune about the housing market going downhill, and figured(assumed) that this year would be the year to buy. Upon reading many threads on this forum, I have realized that maybe if I wait, my chances of finding something that I will be able to afford and LIKE will increase. I am looking to spend hopefully no more than $375k after everything is all said and done. Tierrasanta is a location I would love to live, but I wouldnt mind staying in UC in a decent sized condo.

I dont mind renting, still, if waiting is what I have to do to get the best value on a purchase. as of now, there is no incentive for me to buy.