Reply #7: I confess: I paid too much for my house...

[johnlal]

I balked when they told me how much they were charging. I was told, that's what they're going for. We negotiated down a little, but still-- I had never paid that much money for anything before! Now, we can't sell it, and we're having a lot of difficulty refinancing it. We love the house, but hate the mortgage.
I suspect a lot of people wish they held off a few years until they got to a buyer's market. I bet a lot of people are watching housing prices now.