Anecdote, but my wife and I dropped out of the market recently and rented instead. The rent was 30-40% cheaper than a mortgage would have been on a similar place (including taxes, insurance, etc...). So we figured we would just put the after-tax difference into a 401k (because 401k is pre-tax, for every dollar we 'saved' in housing cost, we are putting ~1.4 dollars into 401k). I figure that building equity in a house has similar investment timeline to the 401k, so it doesn't really bother me whether my net worth comes from one or the other, and unlike a house I can diversify the 401k via different index funds. In terms of ROI, the buy vs rent calculators are all starting to lean towards renting[1], so unless we are going to be in the same house for 12-15 years (unlikely) renting seems to win (and this assumes fairly good/neutral economic outlook, if you turn some of the knobs on the calculator to assume negative growth, oh boy...) .<p>Add to the fact that most folks don't really know how the new tax laws will impact them until they do the calculations early next year, and the fact the rising interests rates should put downward pressure on the market, and the rather volatile political situation (who really knows where this tariff thing is going to go, and how it will impact the economy), and it just made more sense to wait it out.<p>[1] <a href="https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html" rel="nofollow">https://www.nytimes.com/interactive/2014/upshot/buy-rent-cal...</a>