[jhynesrockmtn]

I just bought and rented out the house I was living in. 4 1/8% loan with no points. Moved 10 minutes from work into a nice older residential neighborhood. I would be careful of any recently built McMansions. I'm not a big fan of newer construction. The materials, workmanship, etc. can leave a lot to be desired. If you buy a newer house, make sure you still do a thorough inspection.

It was a hard decision. I put a fair bit of my savings into this place and don't have enough cash left now to do much to it but it is livable for now. I'm keeping my fingers crossed the market does not dip much lower and will recover some over the next few years.