[luckydata]

I disagree. I have cash, just not the crazy amount necessary to buy a 1.2M two bedroom apartment. Once prices cool down a bit the 20% of that will be lower, payments lower. I'm not hoping for a thermonuclear war, just for sanity.

[pfarnsworth]

Unless, of course, your company goes through multiple rounds of layoffs and paycuts, as does all the other companies in the area. Then you're too scared to buy a place because you're worried about getting saddled with a large debt and possibly losing your job.