CONCHO, I agree with you. One day, it will be cheaper to buy a house than rent an apartment. That’s what happened at the bottom of the last crash. I know someone who bought a 3 bed/2bath house in Mira Mesa and their mortgage was just $100/month more than the cost of renting a 2 bed/2 bath apartment in Mira Mesa. But at that time, only people w/ good credit and down payment can buy houses.
