I thought about buying one in 2011-12, but there was a good chance I was going to leave the area, so I did not buy.
On a personal level, I’m not so concerned about buying a house in general. If I ever buy one, it will be as an investment at a rock bottom price.
Additionally, where I live, you can rent a place for much less than you can buy it. The only recent time that this was not true was after the crash, and that was only for a brief period of time (4 years tops).