How many people do you know that feel as you do. I get the sense that many would buy if they could just qualify. My neighbor, a renter, said he and his wife were going to an Open House last weekend. I got the feeling they are looking for a good buy, and would buy if they could come up with the money.
What made you and your friends to decide to wait? If you’ve been renting for several years, you were way ahead of everyone else in seeing the bubble.
I’m glad you posted. I wish more people would. I get tired of reading my own writing 🙂