You make some very good points, Russell. My parameters are very tight (realtor’s nightmare). What would irritate me more than anything is settling for something and then find out later I could of had what I wanted (tight params).. i.e., the floor of those zip codes moving downward. However, if it becomes clear things are never going to get as cheap as I want in the area I want (i.e., I’ve missed the bottom), then yeah.. I might want to revise my goals. Then again, I’d also really like to find something in the next 18 months, so we’ll see.

But until then, I’m pretty comfortable being picky, though i haven’t really thought about it until now in the context of it putting me right in kind of the worst case of the competitive market right now. Something to ponder.