nc4 – understood, but I think the issue is that you are just looking at ‘to much house’. I’m in the same income level/credit level as you, but after 2 kids, 2 cars, retirement, etc…no way am i looking for a 700K-800K house (even though we actually do have 20% down for that lower price range after selling our house in early 07). Sure you can find a loan (and eventually a house) where you don’t need PMI and can afford 20% down on a proper home. The last few years of this housing market have clouded our memory of how it should be.
