[quote=nostradamus]No, you should wait until the cost of owning is equal to or less than the cost of renting. So rents have to rise or home prices have to fall.
I bought in 1998.[/quote]
I bet most properties selling for less than $400K these days are cheaper to buy than to rent today in SD assuming you can get sub-5.25% financing. And the $400K-$600K range is getting closer every month. Above $600K, it’s not close… yet. And above $1 million, it’s art; the prices have always been disconnected from rent.
