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Everyone thank you for the inputs. We have no rush to buy, and recognize that the current market dynamics will further put downward pressure on prices. The longer we can wait, the more cash we can save, which would provide us with a reasonable decision point of 20% on a conventional loan...

Lots of view but not many responses. Perhaps I need to simpify the question. What is the best way to approach shopping for a lender? Go bank to bank and get quotes? Visit websites like bankrate.com? Or are all banks more or less equal in terms of their products, and it is better...

<blockquote> I know, he said 140k/year isn't a lot of money and I'm saying even 400k/year isn't a lot. A lot of people think they are richer than they really are.</blockquote> I don't understand this mentality. A little over 3% of U.S. households bring in between $150k and $199k a year, and...

Thank you for the advice. Although the real estate industry seems to be stating otherwise, we certainly don't have a sense of urgency to buy. If we were to wait another 6 months to a year, we could definitely secure 20% down and still preserve a healthy emergency fund in our savings...

Been lurking on this site for years, and my story is not unlike that of many who frequent here...wife and I moved to California in 2004 just as the market was heating up, chose to rent, came to wonder "how are people affording these homes...and the expensive luxury cars...and the HOAs...and...