jstoez,
And I have no problem when someone does the math and says yes its better to rent. For many people it is. Where I have a problem is the blanket fearmongering statements that buying anything or anywhere is foolish, that everyone took out zero down option ARMS that will explode and that prices must drop everywhere. That simply isnt right. Its the same old tired arguments about the ARM reset chart, the median income vs housing price not being in balance and on and on. Affordability is better than it has been in decades. While I dont beleive there is big upside ahead I think the downside risk to staying out of the market can be just as high if not higher once we get the inflation and higher rates I beleive are coming in the next few years. Buying now at low rates creates a good hedge against inflation. If you have lots of cash and are not sensitive to interest rates you are in the minority and there could be advantages to waiting another couple years.
I am hardly a cheerleader nor have I been for any of the nearly 5 years I have been around here. For the first time in years I have enough confidence in this market for people who buy carefully. Its taken a long time to get there but here I am.
