So if you are smart enough to wait it out while prices are going down what to say you are not going to be dumb enough to wait too long to jump back in.
First housing prices always take a long time to baseline and rise again. How do you know someone didn’t buy a house in 1999 after all the dust have been settled? Personally, yes, I did in Seattle (fully paid) :), but I rent here in SD at least for now.