Resets may be painful but you can deal and you will probably have to deal with one at the max, Just account for some upward movement.

Ensure that you are aware of how and when the rate and terms of your loan could change depending on movements in the secondary markets. 

It's a one time charge, as our license is perpetual.

but if you can get in the game in the Bay Area and if your like those that all chim in on BP I am buy and hold for ever... where do you want to do that.. in a market with history is no movement or in a market with a history of wild upward swings over time.

For instance, with the new nanny state movement, there are concerns from some about polluting the air with "scents" and dryer sheets put out a scent.

If you haven't yet, look into the FIRE movement (financial independence, retire early). 

It effectively means a fixed term is in practice a lease in perpetuity until the tenant decides to terminate or the landlord pays a penalty. 

By raising or lowering short-term interest rates, monetary policy affects the housing market, and in turn the overall economy, directly or indirectly through the effects of interest rates on 1) the user cost of capital, 2) expectations of future house-price movements, 3) housing supply, 4) standard wealth effects from house prices, 5) balance sheet, credit-channel effects on consumer spending, and 6) balance sheet, credit-channel effects on housing demand.If a bear market emerges, then we should expect home devaluation nationally of 20% to 30% or more in markets overvalued relative to wages and rents.

It's very easy to fall into the perpetual cycle of "but is it good enough?"

I have taken huge interest and action in the tiny home movement!