[charlesbahn]

Methinks you're looking at it from the wrong angle. You have a good income and good work and can probably afford to live where you want. If you enjoy renting and don't want the hassels of ownership, then keep renting. If on the other hand you want to own a home, wait until you find one you will be happy in at least for 5-10 years, that your spouse likes, that has a good school district, etc. If you buy, there is a very good likelihood that you will come out ahead financially with a long term horizon, that's how real estate almost always works. Just remember it isn't a very liquid investment and you can't get your money out at the drop of a hat if you need to. As long as you don't overextend and create financial hardships, ownership provides an intangible (family) security that you don't have when you rent. Just my .02.