Thanks for the comments guys. Whenever I do buy I won’t be interested at all unless my total payment, including HOA and insurance and taxes is covered by the market monthly rent. I am not entirely ready to jump on a 30 year commitment without an out and I’m not willing to presume on my future ability to pay S.D. rents long term. I have no interest in not having my head firmly above water. The only question is how much of a down payment will be required to make the numbers work for me. At least I think I have some time to save now. For me this current downturn trend is a relief and I’m not in a hurry for it to end just yet.
