Usually when folks start talking about taking haircuts like that they have inflated the value to the Buyer/Borrower.  

I personally do not see rates rising dramatically over the next couple years.

-deanNo you're not bitter, you are completely accurate about these areas, I sent you a pm regarding this topic, but it's sad these people can't rise out of their depression is what I like to call it and see the light.Everyone in life deserves a fair chance at happiness.Yeap, hit the nail on the head..

I have an offer on two homes now that are on rised foundations with no copper.

I was offered a fixed rate vs an ARM that inflates after 7 years, but the interest rate was 1% lower on the ARM so I took the ARM knowing I am selling 3 years after buying.

Still, they own less than 2% of all U.S. rental homes, according to Green Street.The buying spree amounts to a huge bet that the homeownership rate, which currently is hovering around a five-decade low, will stay low and that rents will continue to rise.

Also, the non-abatement prosperities won't see a change outside of the standard inflation rise in the RE tax base from one year to the next. 

Id also probably go with the longest reset period as we at some point should enter a rising interest rate environment. 

If you're looking to only reduce your monthly costs, there are neighborhoods on the rise where you can buy a modest 2-3 bedroom home for under $200k.

Well then holding to that criteria in a rising price environment will get you nowhere.