I’m going to take the centrist route here, do get the independent inspector, but if you already have non refundable money down, you may have asked about condom brand preferences after a positive pregnancy test (shameless analogy, I know). I agree that at a certain point it isn’t worth it to many people to wait for the bottom, “better than most, not as good as some” is a good policy. I for one am not waiting five years and have already dealt with the foreclosed landlord thing, i only have patience for one more rental and that’s it. If you can completely afford what you want with conventional financing, even if there is no appreciation for a decade, have at it. Stability has it’s benefits and it’s costs. On another thread i posted a pad that I felt was fairly priced and a week’s pay would cover it for me, yet there will always be those who think that it is still overpriced and those who think it is a steal, the best wine is not the highest rated, it’s the one YOU like. I haven’t seen evidence of drastic reductons in SD yet so i think mid to late 08 would be better but the OP didn’t ask about that.