Do not buy yet.
Things have quite a way to fall.
Its a good time to be renting if you do not own already.
That may be true but rents are going up now too.
I am sure not every city and region are identical, so in certain places it still probably is good to rent and wait.
However, the more important thing I was trying to get across is save up the money for property first, THEN buy it outright so in the end it will save you so much moeny you don’t have to piss away in mortgage interest.