Yes, I have to agree with you. We were looking at the new divisions out in Arrowood (Breakaway and Bellingham) when we first moved out here in June and the 3000K+ sq ft homes were running in the $600K’s. We went by there last week and they were in the high $500k’s with $50-80K in incentives being offered. I think we’ve put ourselves in a pretty good position by renting for the next year or two. We don’t love the house but it’s got adequate space for our growing family and a huge yard. I don’t look forward to living here for another 3+ years, but I think I can deal with another year or two. We had relocated from the Washington DC area to Denver 3 years ago and made the mistake of buying a place on the house-hunting trip my husband’s company paid for. When we decided to relocate to San Diego (via my company this time) we vowed not to make the same mistake, especially when we were in a total panic when trying to sell our home in the much, much more depressed housing market of Denver. Luckily we had an excellent RE agent and sold our house in 8 days!