I know what you mean cashman. I am getting ready to go out this afternoon to look at another rental since our landlord is selling our current residence. Our rent is comparable to yours and it is eating my heart out as well. Actually I ran the numbers and all things being equal I would break even if I bought right now cash flow wise given the interest deduction I would get. So the decision becomes quality of life verses depreciation risk. My wife is ready to buy yesterday. I also see at least down here that the San Diego inventory is not picking up as fast as I thought it would. I want to see what happens this spring. NODS, NOTS and REOS are up but not enough to affect the market yet. Sorry for the non advice…. but you are not alone.
