I’m certainly not bitter either. I could buy but choose not to even though I much, much prefer owning to renting. For me, logic trumps emotion. Although the bubble was good to me (sold 05), I really wish it had not gotten so crazy. Even though I would have less money, I would be comfortable buying right now, which is what I want to do. So I am resigned to renting. I look at it as though it is my job. I’m paying myself to put off the gratification of ownership.
If prices go up less than what I’m making on my money, I win.
If prices stay steady, I win.
If prices go down, I win big time (and they already have gone down in most SD areas).
Is owning right now worth an onerous mortgage payment and giving up the return I’m making on what would be my downpayment? No way.
