Ok. I understand your perspective. Again, I can also see how the facts I laid out would have seemed like bait to some of you.
However, I didn’t ask your advice about whether I should pay that much . . . Or whether I could afford that much. See the topic of the post. (Please anybody, jump in with something related to the actual question.)
Also, you assume I am going to default. Not really the coolest thing to me. Buying a house and deciding how much you want to pay are personal issues. Yes, I put my price range out there, but just because I say I am Christian or Jewish doesn’t mean I want your opinion on my choice of religion, no matter how that choice will affect your life. And when you jump on someone for a personal decision, however much you might think there isn’t merit to it, not so cool.
As it turns out we were looking below our “pre-approved range” (based on the fact that we have very little/no debt and decent incomes) to plan for contingencies. The place we had to pull the offer was not in $600-700 range. I gave those numbers for perspective. Also, the place we pulled the offer from was only 10-15% higher than its 2001 sale price.
You may have not intended to offend, and I don’t necessarily have ill-will toward any of you. But what a harsh response to a new poster.