It's too early to buy a house in my opinion and we haven't seen significant decline in house prices yet. I don't understand people whining about 10% decline in prices when in the last 5 years they increased by 100%. When prices come down to pre-bubble levels (a loooong way down from here) then will be time to buy.

to be honest with you, i think its a good time to invest in rental properties because these properties rates are increasing day by day.which is beneficial for you to invest in these properties.