Further, the 'security' of a long term fixed mortgage at present low rates (as in: who cares if home prices drop because interest rates go up), is only useful if the economy remains locally vibrant, i.e. rents don't plummet.
If you don't mind the stress and time, and are capable of selling quickly in a falling market, perhaps you should decide to buy when you're more than willing to bear the huge round-trip within 3 years transaction costs (scaled by your estimated probability of this happening).
If you don't mind the stress and time, and are capable of selling quickly in a falling market, perhaps you should decide to buy when you're more than willing to bear the huge round-trip within 3 years transaction costs (scaled by your estimated probability of this happening).