[vNGiDaFX]

I don't know how you can say that people in California had no business buying houses. With the prices increasing like that you had to buy a house as soon as you could before you couldn't afford one. No, you do what I did, which is realize the housing market is inflated and make due with a crappy or even decent rental and save save save. Again, the home ownership is just a prestige thing if the money isn't right, and it hasn't been right for a very very long time. We have been talking about the housing bubble for years now, if you bought during that time, especially if you bought on a vaeriable interest rate, you did not have your financial interests at heart when you purchased. You had something else in mind, status.

Again, I have been ready to but a house or condo for 3 years now, was appaled at the prices and thus didn't buy. I lived in an apartment that served my needs even though I could have aforded far better because I had the long term in mind. Then this September came and went and things weren't to my liking so I still didn't buy. Now that I had my down payment saved I fugured I could at least rent a nice house in the meantime (The one I posted about, I moved in last week) and save more, albiet at a slower rate. But the point is the money wasn't right, so I didn't buy.