Yikes. That’s a tough one. IMO it depends on how much you like the house and area and whether or not you can afford to wait the down turn out. The most recent down turns have been about 5 years long, but the situation that we’re in right now is unprecedented so it’s hard to tell how long this one will last (with govnt.intervention, etc). Here’s a graph that shows the peaks and valleys of RE over the years and may give an indication on how long this downturn will go.
