I believe when you paying rent in a good locations (4s,CV and other such locations) up to $2200, you are not losing nor doing any mistake at this kind of puzzle time. I do believe there is no spike in housing occurs at least another 6 -7 years. The only worry at this time is our Fed intervention is turning as “skid” or “crash”. If it is Skid then we are slowly in the path of recovery though small up and downs and we can start investing in housing especially at 4s and CV areas. If that is crash …. whatever you feel a double bottom and double dip – I feel then we are in good shape whoever didn’t buy so far. Above all the scary part is job loss…
