To a certain extent, I agree. But please tell, have you ever seen a market that does not over shoot or undershoot? Also, tell me how much more than rent do you think is enough? Of course i’m not saying it should be exactly the same. I would personally pay about 100-200/month more. But 20% drop would still mean at lease $1000/month more. In that case, no thanks, I’ll put that $1000/month to my retirement and retire early rather than buying my house.
