Hi cahunter,
Thank you.
If you do not buy now, you will buy a bigger home for the same price in future. That is happening to me. But do not wait too long (May be OK, one year from now). You will not know the bottom until it passed.
I know the prices are going south. But I decided to buy a home. I am planning to keep the home at least another six years. As per Rent Vs Own calculation, if appreciation is 2.0% per annum on purchase price, I will not lose any money. At lest we will enjoy four bed room house. Right now I am paying 1700 per/Month for two bed and two bath.
Thank you.
