Claeren,
What really bothers me is the people who are flipping and artificially inflating the market. Amateur speculators who are nothing more than leeches.
But let me ask you this,
do you not think that there is some benefit to cost certainty and long term planning. I purchased a house last summer than I plan on living in for several years. In the long term I figure this will benefit me, and for at least the next 5 years I have an idea of what my mortgage payments are going to be.
Then I hear people complain that their rent has doubled in the past two years and that landlords are gouging, isnt' one of the benefits of owning the idea that you don't have to worry.
I think at the end of the day it's about buying a home you can afford. If you own a place that you bought for 350 and it's now worth 300...does that really matter if you don't intend to move for 5-10 years? As long as you can afford what you have that's what matters most. Keep in mind I am merely referring to primary residences and not investment properties.
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