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waveman comments on Review: Selfish Reasons to Have More Kids - Less Wrong
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It's interesting to see that the common-sense view is now that buying a house is a bad idea. Just a few short years ago anyone questioning the wisdom of buying a house was seen as mentally deficient, if not downright evil.
This just as prices have reverted close to fair value and buying is starting to make a lot of sense compared to renting. [As long as you have the capacity to pay the loan and you are not likely to move soon.]
This I take to be a sign we are close to the bottom in housing.
Absent some very extraordinary insider information, there's never any good reason to believe that. At any moment, prices are where they are because they could go either way.