Yes, I full wel understand the dynamics, but my goal wasn't to buy a house and flip it, or mine isn't what I would have gotten. I bought it to live in it for my family...I'm not planning on selling it for some time....I bought it because it served my needs and taste, and the amount I bought it for is far below it's value when that time comes..
I did the same thing 5 years ago and just re-fi'd mine at 4.85% on a new 15 yr mortgage.
For most of us, your house is both a home and your major investment. Look Bob, a lot of these naysayers don't have enough of a credit rating to finance a stick of gum.
