[MRM]

You will look back at this as your best personal financial decision ever. Rates are an anomally now. The housing market is in a deflationary mode. But inflation is just about ready to take off (justwait until those tax rebates hit theeconomy this summaer and fall). Real estate will inflate along with everything else. Meanwhile you'll be paying back a mortgage based on the currenty interest environment with dollars that are worth a fraction of what they are today. Besides, that place is a mansion. You'll love it there, you'll use it while it appreciates in value. There isn't a better investment in the world.