It is too early to make conclusion. you will find yourself in a loser position that you will hate yourself. Rich people are always in the driver seats. The market will go at their will instead of yours. Let's wait and see who will laugh at the very end. Be prepared that your hands will be full of nothing but sand. It may sound hash for those who are praying and waiting for the best buyer market. If you have enough money to pay rent and downpayment, BUY NOW AND KISS YOUR LANDLORD.