Buying should only be done if it improves your living situation..... Otherwise there's no point.
Buy if you are going to regret saying "why didn't I buy house " after 10-15 years.
Fact
Price rent ratio is what you should use to decide when it's a good time to buy. It's a terrible time to buy now.
What advice you have for someone who is sick of renting and have kids starting elementary school? Poor family leaving in middle of rich neighborhood.
Keep renting, it's cheaper than buying now. You'll save money and hassle by staying put for a couple years.
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Actual best time to buy is when "nobody wants to buy" but at that time panic is so high nobody wants to buy.
Correction: at that time of panic nobody wants to Lend lol