Originally Posted by Matrix

So Lars if you don't mind me asking advice, seeing that you are a man of intellect on this board....my landlords just told me Sunday that they are selling the house I have been renting for 2 years and to either buy it or move out by Jul 1st. I was paying 2200 a month rent and they are selling the house for 600k which would make the payments go up quite a bit. This is Woodland Hills ca. Nice area but the house is not all that great, needs some care and new backyard fence etc. So my question is, do I rent for another year and wait and hope the market bursts or buy now. SO many people are on oppisite sides with this issue. Some say I am throwing money away but otherd say the market has to re-check itself. What do you think.
Thx for the advice.