Rent………rent……….rent…………..until 2010 (at the earliest). Then take a look at how much prices have fallen and decide if you should rent for another year or two. Prices are falling and are not going back up anytime soon so you’ll have plenty of time to make a decision that could cost you $100’s of thousands of dollars when you add up the sales price, taxes and interest that you will pay for a house that will substantially drop in value over the next three to five years.
Good luck…………and RENT…..don’t buy!
