Last I checked, I live in America. There are many grand generalizations about Americans, but one true stereotype of all of us, from sea to sea; we LOVE to spend. In fact, our economy is built on consumer spending.
And spending, dear reader, is the exact opposite of saving. Savings is what you want if you ever plan to retire. What, you ask does this have to do with a house? You purchasing a house could be the only significant savings account you have. Yes, paying a mortgage kinda sucks-but working through your retirement probably sucks too.
For so many reasons, now is a great time to buy a house. Consider it part of your retirement plan.