Very good post. I agree with your logic. I would definitely buy when I can get 25% less than current comps. The houses I’ve been looking at, 1600-1700sq-ft in Mira Mesa, were selling for $560-570k last year. Yesterday, I saw another one listing for $499k. When compare rent vs buy, it would make sense when it fall to $399k. So for me, that’s 20% drop. So 20%-25% drop is when I’ll jump in. Granted rates stays the same. If rates rise higher, then price would have to fall lower for it to make sense for me.