My rent is probably more than most people's mortgage but I still cant buy. I work for a Department of Defense contractor, and with Obama's plan to get rid of as many contractors as possible and hire government employees, I don't feel comfortable buying until the situation become more stable. I was already looking at houses before his plan became public knowledge. I've put that on hold
Its easy to ditch a rental....a lot harder to ditch a house...especially in this market.
On one hand, I'm pissing away money in a rental every month. On the other hand, I can potentially jeopardize my entire future and never own a home....tough decision.
Edit: Not to mention, my Z is my only car and my daily driver. Sold the Titan to start saving even more.