I am in the same boat with the OP. I don’t think prices are where they should be, especially when you consider rents, but I don’t know how long it will take to ge there, if ever. I believe the prices should be more like 2001-2002 nominal prices. Frankly I am kind of scared of buying seeing all the horror stories about the housing. And especially about throwing away that downpayment… I am not rich.
