[Hondaracer]

the problem with that wait and see attitude, even if you are essentially "living for free" is that you are no longer in the market, and therefore not gaining the equity to keep pace with prices. In real estate everything is relative. If your property goes up or goes down X amount, most likely the other properties you are looking at are following suit.

Being out of the market and not having that equity at least engaged always seems like a losing equation for me. Since you are seemingly looking to buy somthing else with the money you made from the sale, i'd assume you're not going to be investing that money short term in between sale and purchase either