You should never buy anything, out of fear! Buying a home, is much like preparing for life. You never know what you might face, so you prepare as well as possible, and then make a decision based on the knowledge you have learned. Whether you win or lose on your purchase, will depend hugely on you, and whether or not you are prepared to buy. A home, just like a piece of clothing, should be the right fit. Prepare, your finances, make a budget for yourself including the additional expenses that come with home ownership, and then decide when the time is right for you. Don't buy, because it looks good...Buy, because it is a good decision, and the right decision for you. Whether or not a property is a good investment for you, is for you to decide. Every market has good deals somewhere, of some nature, you just need to be informed and make an informed decision. Never buy out of fear, and learn to be patient, until the time is right.