[quote=4plexowner]
seems like people either aren’t aware of these little details or they are choosing to ignore/deny them

oh well, knife-catchers are part of the process …[/quote]

Fully aware and not ignoring. Prices could fall another 20% where I bought. Sure, there is an opportunity cost to that but it doesn’t change the fact that I can easily afford my payment and I like my house, neighborhood, and schools.

If rates go up to 7.5% and my house declines 20%, the payment on my house will be the same as it is now. Seems like equal risk on both sides of this equation – hence time for me to buy.