[quote=svelte]No use worrying about whether you hit absolute bottom, buy something and get on with your life. Also, every year you rent is one year longer you’ll have to pay a mortgage once you eventually do buy (not exact, but close enough).
You can come up with a million reasons to sit on the fence. But at some point, you gotta roll the dice. To me, that point is now.[/quote]
My thoughts exactly. For me, that time is about a year from now – personal reasons.
By definition I am FT buyer, since I haven’t owned in 3 years. But I did, and I barely got out without losing much. Bought in 2004, you see. So I almost got burned. I am thinking twice and thrice now about getting into a huge debt.
I don’t think it’s going to be a steep leg down, more like a ultra-slow decline if any. I have young kids, I can’t keep renting and moving forever. I want a relatively nice, stable home for my family.
