Actually the houses we are looking at are in the $150K range, $120K would be the loan amt, having put 20% down.
Being in Florida, homes are selling really slow regardless of the price point. People are probably waiting for the market to bottom out. The odds of a house move prompted by job change are better than even for us even though both of us would like to stay here for at least 5 years, if not more.
Property taxes and sales taxes are on the high side though we don't have state income tax. Schools for DD are good, so if we stay in the area another 5 years, she is all set for Middle school.
If we were also looking at a time span of 30 years, going in for a larger house would likely make sense.
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