4Sbuyer2002, you bought early enough that I think that you’ll be fine and you can weather the downturn.

However, you did not buy early enough to be insulated. Your cost of ownership is still higher than rent and someone who buys a home similar to yours for the same price in 2009/2010 would be financially better off. He would have had more time to save and invest the difference between owning and renting.

For sure, you’re doing a lot better than the people who bought 2004 through 2006.

———–

I did look at the Fieldstone houses just for fun — I hate master planned communities but I did it for my brothers and other relatives as I’m now the family’s real estate expert 🙂

I too noticed that Fieldstone homes were boring (compared to other builders) and the models homes seemed less well done. It was a while ago but, if my memory serves me right, the second floor ceilings seemed lower so, while the houses are large, they didn’t feel inviting to me. Another thing is that Fieldstone houses have bedrooms but few bathrooms.