To pick a side, you have to pick your goal. Is it to own a home, or is it to not get sold down the river.
Deadzone, ventures nothing and loses nothing. your position has mostly a high percentile chance of downside with little hope of a monetary up side. So if you are willing to risk much and gain little to own your house, then I would side with you. If you are content renting and waiting, you are probably in economically safer territory.
There is huge potential downside imo, and few possibilities for burgeoning gains. Now if you don’t care and just need to own…you better look hard and carefully.
I don’t think west of the 5 is all that safe. I would bet it is ripe for some serious losses, but that is just me.
