Wow, when I logged on this morning and saw all your great responses I realized the true value of a blog like this. It makes sense to me now why it is almost always better to wait for a great price, especially now that we are at a point where we will likely see significant drops. Also, she is unlikely to stay in the house for more than 5 years anyway. During the last run up there were times when prices and rates were both low, and I’m thinking that we will see the same thing on the way down.