Reply #6: if you plan on staying there for a while, dont worry about a crash

[LSK]

Any crash will not be that drastic and the value will come back over time no matter how bad it gets. And if you can afford the payments and are not moving, you will not notice a crash. The only way it could possibly hurt you is if you need a home equity loan latter on for some reason. Also try and put down 20%. That would help insulate you from a crash too.

Try to lock in a rate because rates might go high in a few years.

One thing you should be concerned about is taxes thou. In new areas, real estate taxes can grow really fast as they need money to build schools, roads, etc.