[jaguar]

I don't have much to do with the US property market but from what I hear it's fairly inflated but as badly as the UK market (which is giving a fair few fund managers a nervous twitch at the moment). Remember that overinflated property can go DOWN in value, people always assume property appreciates and in the right timeframe that is usually true but in the wrong one you can end up down, property is not the perfect safe investment some people still think it is.

Also best, as a rule of thumb to keep those kind of payments below the 50% mark at all times.