Wife was skeptical. Colleagues were incredulous when I said we were going to rent for a while â?? like I was going to move the family into some crappy apartment somewhere. Now it has changed to â??you were so lucky you sold when you didâ?¦â?¦â??.

Definitely not in love with homeownership (if ever there was a misnomer). Totally refurbished the last house. Lot of satisfaction but a lot of money spent, and more importantly, time lost. Not in a hurry to repeat it. Enjoying my weekends and evenings and some bloke comes over twice a month to do the yardwork. Sweet.

Have no desire to buy again unless prices fall to somewhere near comparable rents â?? and there is some upside appreciation – even then it really doesnâ??t make financial sense to me to put down a chunk of cash, have a serious payment to make each month, add taxes & insurance & maintenance – to basically rent the property from the bank.

I think the property market nationwide, but especially, San Diego is going to go into a slow tailspin for at least 5-10 years. I am happy to be on the sidelines.

What else? Try to compete with flippers who’ll take a 6-times-income Option ARM loan?!?!

They’ll be wiped-out eventually.

Do NOT get pulled into the Whirlpool…