Right now, assuming with 20% down,even with historic low interest rates, it is cheaper to rent than to buy a house. At Least in my area: SR/Sabre springs..

From what I experience/observed, rent never increased drastically as some people mentioned in this forum.

A 2 BR/BA condo in Mira Mesa was almost 1600/month 8 years back and I see the similar rate today as well.