To me, the allure of owning a home over renting is that one day, that mortgage payment goes away, which means my biggest bill twice a month is no longer around, opening up a massive financial freedom.
If you've found the house / neighbourhood you want to live in and don't plan on moving for a long time (ie. 10+ years), I don't know how much it matters when you buy. The same option might not be there if you wait.
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