[quote=nostradamus]
…
10. Rents going down (TBD)
…[/quote]

TBD indeed. With all the government borrowing and printing, and most smart people (most notably on this website, Rich Toscano, you know, the guy who was dead right about the bubble) anticipating runaway inflation before too long, rents going UP could be an argument for owning instead. If you go in fully expecting short term price declines but long term inflation, a 30 year fixed that shrinks in real terms overall might prove to be better than free floating rents.

There are good reasons to either rent or own. It all comes down to your personal situation and what’s right for you.