I don't know if that is true or not. As a life long renter considering buying property right now, I'm not anxious to leap into the market yet.

Prices haven't come down enough, for starters. We want to see what the next local/state governments, Congress, and administration does for 1st time homebuyers in terms of government programs. We'd also like to see a little more stability in the mortgage market, but from where we sit, it won't effect us even if we buy property, because we're pretty savvy.

The only real fire we're flirting with by waiting until after the first of the year is if inflation skyrockets, which is a very real possibility. If that happens, we will probably continue renting and saving and investing, and ride it out until the cycle ends and the inflation bubble bursts.

Comes and goes, dude.

Life in America means never having to say you're sorry OR do jail time if you know the right politicians.