[Brad]

it worth waiting for the 2011 alt-a foreclosure increases? I'm a first time home buyer, easily in a situation to buy a new home without a problem- I've even been pre-approved.Everywhere I read it looks like the housing market is expected to continue to fall for a year or two, and since Obama like to give out money, I can't help but think maybe he'll up the 8000 to 10, 12, 20k over the next two years as foreclosures increase? Mate that with lower house prices, and how can I turn that down?The part that I struggle with is that interest rates will likely be going up greatly, so is that enough to compensate for the higher interest rates?I'm struggling so hard to decide if I should buy, or rent and wait for better opportunities. I don't want to buy now and find myself in the same situation everyone else is in- sitting 3 years from now with a loan twice the value of the house...I know other people have posted similar questions, but I don't see much discussion considering itnerest rate increases, the current administrations likliness to spend more to help the continuing expected fall of housing prices, or the long term forecast of foreclosure rates increasing drastically until 2012.Is it better to just rent? or is now the time?