I tend to agree with your logic but a lot of people think they know what rates will be like and what a home will be worth and any number of things in 2 to 3 yea

I tend to agree with your logic but a lot of people think they know what rates will be like and what a home will be worth and any number of things in 2 to 3 years. I'd say that they everyone is always gonna pay more then they want and only question is if it's going to the seller or the bank. My dad gave me these rules for home buying: * can I make the monthly payment for as long as I own the home? * don't buy unless you expect not to sell for 5 years * put down at least 10% * don't get an ARM