PD – If you did not buy, then I guess it wasn’t your dream home after all. If you really want to get clear on what your intentions are, look at the results you produce. Pretty simple.
If you are perfectly clear on what you want, when it shows up, I promise you, you will buy it. Obviously that home didn’t match your picture of your dream home (“there were a few negatives”).
I think “taking the emotion out of it” and not making an offer because you “think the price is going to drop” are simply justifications for not purchasing and they are not good or bad, they are just part of the process of finding exactly what we want.
I believe you didn’t buy the house, regardless of your reasons, because it simply wasn’t the right one, it “was not perfect.”
When my dream home showed up, I bought it and price, or the state of the market, or whatever considerations I may have had prior to my purchase disappeared because I got exactly what I wanted. It matched my vision perfectly.
And I believe in time, you will also get exactly what you want and the state of the market, or the investment potential of the home, yada, yada, yada will not matter because that house (wherever it is) will be the one house you have to own.