I am sorry to say this, but I think RightSide is being a little foolish. So what if you have the money to pay for it. Buying now makes no sense.

There are some very wealthy men out there John Mauldin for one, Paul McCulley of Pimco for another who are both renters right now.

Why? Because they are smart investors. It is just FOOLISH to overspend for anything, be it a loaf of bread of a box to live in.

Come to your senses, if money is no object, rent a gorgeous place but don’t lose hundreds of thousands of dollars in value just because you are impatient. Come on, think a little before you act.