You should not try to time the market, but the truth in your claim is that housing has diverged from its underlying value as a high yielding asset. If this is t

You should not try to time the market, but the truth in your claim is that housing has diverged from its underlying value as a high yielding asset. If this is the case because land values have increased beyond present rent value due to demolition controls, restrictive zoning, etc. then you should never expect a SFH to be a worthwhile purchase-cum-asset though hopefully in the future a condo or town home might.