biggrizzly wrote:
I bought in April of this year and I was raked over the coals to get a fixed 30 year mortgage. I had waited since 2004 to buy a house watching the market every month while we were renting. I could have waited a bit longer, but I had to do something because we were getting killed on taxes with two prime incomes and no rite-offs.

I hope the house doesn't depreciate too badly, but I think I got a good price, as it had been on the market for some time and the seller dropped it over $100k during the time it was listed. She listed it in 2007 for $575k and I bought it from her for $400k - and she paid closing and my down payment. She needed out from under the mortgage. It could drop lower but I think it'll stay ok for a while. Besides that, I don't plan on selling any time soon.