8/8     Interest rates have risen over the past several years, but for now
        are still at historically low levels.  Favorable interest rates,
        combined with the new first-time homebuyer tax credit of 10% of the
        price of a home (up to a maximum of $7,500, applicable to certain
        home buyers) might add up to a good time for you to start searching
        for your new home.
        \_ if I wait, I can collect more cash, wait for interest rates to go
           up, which will cause house values to go down.  Then I can buy:
           - a cheaper house
           - with higher interest rates
           - and a smaller mortgage (on account of a cheaper house and having
             more cash)
           - and I can refi if the interest rate drops
           - and live like a renter for the next 3 years while the other guy
             is 3 years into his $800K mortgage already
             is 3 years into his $800K mortgage already
             \_ What if it's not 3 years? What if rates rise but prices
                don't fall enough to offset them? If you can comfortably
                afford to buy now then just buy now. If you can't then don't.
                PS. Is there some reason you keep deleting this?
                \_ it's not me that's deleting it.
                   if I can comfortably rent, why not rent?  I can always buy
                   later with more down payment.
                   \_ How do you know that home prices are going to go down?
                      Which area are you interested in?
                      \_ how do you know home prices are going up?
                         \_ I don't know which way they are going to go. Neither
                            do you, actually, you are taking a chance.
                            \_ I agree.
        \_ http://www.youtube.com/watch?v=qt_GhcQ5EtU