Never said you were bitter but there are plenty on the board who are wishing the worst for people. I don’t want to see people lose their homes. In fact if things were ever to get as negative as many beleive on this board it would be time for all to pick up and go becaue everyones job would be on the line. I personally do not see things going there.

Here is one other consideration. I gave a 20 year time hoizen and this was a petty safe bet. Probably safer than holding cash if you figured on inflation and taxes eating into more conservative holding such as cash or bonds. But how about the last month. S & P , the Dow etc are down 10% in a month. I don’t know about you but my 401k and investmetns have sure changed. So are you thinking that the home you are living in and using for shelter that volitile in the short run.

People will aregue the time horizon is either too long or too short and these are fair discussions but when you really boil down the purchase of your primary residence it should come down too, Can I be happy here and can I afford it. If both of those answers are yes and you see something now I am not going to go on a diatribe about why you shouldn’t buy. I probably will bring you a house warming gift and congratualte you for having developed yourself enough professionally to be able to afford your home.

The way I see it a home purchased at a bad time is still probably better than leasing the new Beamer or buying a rolex watch, buying a bottle of Cristal at a club downtown. A home also provides stability and sometimes takes that itch of moving jobs out of your blood when things get tough at work. Again these are all benefits when you know what you can afford before you purcahse.