I too won’t buy until I see a very compelling reason. I’m leaning towards an old teardown/renovation type house. However, right now, the old houses are selling for the same price, or more than newer ones. Would not make sense to put too much money in an old junker (despite the location, location, location).
I’m not looking for a point where rent equals buy, but I’m looking for a time when I feel the prices have stopped their downward slide.
