[josephr25]

Originally Posted by persian54

I can see the attraction from buying a property with only 3.5% down...but I don't personally see the justification for the PMI.

Just rent or find something cheaper....but finding something cheaper isn't the American way, right?

Thanks for the clarifications.

I always tell people who feel they are pressured to buy a home:

There are people who are richer than you that just rent.
There are people poorer than you who try to buy.

Then, depending on what you buy, maintenance can be a nightmare...

All you need is a place to live (legally).