I bought right around the peak of the bubble in early 2006. Even with prices being what they were at the time, my mortgage wasn't much higher than rent was for

I bought right around the peak of the bubble in early 2006. Even with prices being what they were at the time, my mortgage wasn't much higher than rent was for comparable homes in my neighborhood. After having a couple of roommates move in I was paying very little to live. I sold the house early last year and actually made a small profit after doing a few renovations. I know my experience may not be typical but if you stay away from places with crazy inflated home values and are willing to deal with the headaches of owning a home, it's not too hard to turn a little profit. With renting it is a certainty that will not be the case.