I have been one of the biggest re bears out there. I just put in my first offer. Why? After my 20% down and the tax break I would be under my current rent. Except the house I am in now is a 7000 sqft lot 1200 sqft house. The fixer I offered on is 20k sqft lot with 1700 sqft house. Why the F would I rent and waste more of my life since I have been waiting 4 years already (I aint gettin much younger). I plan on living in the house till I die anyways. DTI ratio would be at 24%. Ding, time to buy. Except the bank still has to accept my 15% off offer first. Either way I am ~6 months off from buying. Buy when it makes sence to what you are paying now to what you will be paying.