Scarlett I know it is a really tough call. The thing is that you can play with numbers alot and really get them to bend in the direction you want to unless we are at extremes of the spectrum like say 04 or 05. The problem is that as much as we came down, in many of the areas that you and others want to live in, we really didn’t come down as much as we want to THINK we came down. We have also bounced off those levels. The bottom line is that you need to live your life as best you can for yourself and family. For some that means renting forever and for others it means buying. Nobody on this blog can make that choice for you. As many perma bears that there are I believe those that have bought in the past 18 months vastly outweigh the permabears. They are not dummies nor are they genuises, just people who wanted to move on. Nothing can ever replace ownership but you cannot gaurantee appreciation no matter what. It is a tough call. I don’t think the world will fall off a cliff tomorrow like some here do. If it does fall off a cliff will it make much of a difference if you rented verses bought? Hard to say. Will prices go down? Yes. When? Don’t know, I don’t think for a year or a few because the govt is not going to be able to cope with high rates for quite awhile. Not our govt, not the germans, not the chinese. When rates do go to where they will need to be, yes deals will then be had.