After doing some research, I realize now a little better what I'm getting into. Job is in Alexandria and I initially thought of commuting from north of Fredericksburg until I found out that what would be a 30 minute drive in most places would be a maddening hour and a half at best there.

I'm now looking at pocketing our equity here, using it to pay for a Georgetown MBA, renting a decent place with a small yard in the Vienna area, and riding the metro to work. I dont think the housing market has bottomed out yet and I do not care to get involved with that. Figure with the bucks I'll make coming ouf G-town, I could afford something more in line with my expectations of suburban living in a few years. All those 5 year interest only ARM's are going to be coming due in 2011 and 2012 and I believe they will sink the market even further.

I'm in a condo now. This is NOT an option going forward. The wife made me buy it 4 years ago when we relocated to Omaha and I have hated it. I like my space and keeping my cars inside.