I agree with Kristopher SD. I have been renting for 4.5 years now. I am in the top 7% of income earner in SD and I just keep getting rolled by this market given the fact that I am trying to save up for a 20% down and an emergency fund. I am seriously thinking about buying a 50ft. Motor Yacht and living on it. If I do the math correct I can get a decent boat for around 185-200K which is what I have saved. and my slip fees and maintenance will be 2k/mo. That is more than 1/3 of a mortgage payment on a 1.1MM home that still needs up keep and work. No Brainer!