Reply #3: My 2 cents

[Tyo]

If your income is pretty stable and you feel your job is secure and you do not want to or think you will have to move for the next few years I don’t know that there is really much point in waiting. Even if the market does decline after you buy, you won’t really have lost anything unless you have to sell for some reason. Look at the stats for house prices over the last 50 years and you’ll see that while there are dips, in the long term real estate appreciates.

I don’t think I’d get an adjustable rate mortgage, especially not now. And since you are conservative with money you’ll want to keep the payment well within your comfort zone. “Stretching” to buy a house is usually not a good idea anyway. You want to have enough money left over for the other stuff in your life and you don’t want to lie awake at night worrying about how you are going to make the mortgage.

This is what I think anyway. Keep talking to people and get as much info as you can. Good luck!