it is financial prudence, when you remove costs that you would otherwise pay to run, and maintain the house, depreciation on the building, in times of zero to 'negative' house price 'growth'.
That means you have to take a risk and punt on prices going down to be better off renting in a period of below wages growth for property prices.
I think that time is now, and has been so for at least a year, and will continue to be so. That is my own personal call, but I expect the outcome to be financially better than buying right now, compared to renting for a while.
