Spring of 2009 would likely be much better. I too am starting a family with a little one coming early next year. I would love to move into a nice 3000 sq footer and have plenty of room for family. Thing is that whole area price-wise is likely to go into the toilet in the near term. I don’t feel like throwing away my child’s college money for some nice digs when I can keep the college money and get the same nice digs a year later. I rent a place that is a little too small now for our needs but we’re willing to suffer now so as to not hand money to the homebuilders who will happily hand me over a depreciating asset in return (houses are not supposed to be!) and walk away with a smile on their faces. My hard earned money is worth more than that. Good luck to you if you choose to buy. That takes some serious pelotas at this point with the housing market going boom and the foreclosures flooding in.
