I too feel like I got a “fair” deal … I didn’t get a rock-bottom price, but I got a good house in a good location for what I paid. And if this truly is a once-in-a-lifetime buying opportunity, it follows that you should be looking for a “forever” house.
I also feel as if my life had been on hold for the past eight years or so … holding out through the bubble years didn’t exactly make me a lot of friends (except the people I met here) and I’ll never be able to get back the years I spent in cramped rentals. But hey, I guess it was all part of the path that got me to where I am today.