Our mortgage application has been turned down again. Something about too many foreclosures (including the unit we want, hmmm) in a 2 mile radius, etc. Commencing Operation Lowering Expectations now.
I have to remind myself that this condo is a want, not a need. Yes, it's a great deal (if we could get a loan!) but the building won't disappear. At some point, the housing market will stabilize and we can take a look at it again.