Well I would think so...not exactly sure how that is calculated but I know we put 20% down and we have been paying more than our actual mortgage since taking ownership so even though the appraisal has gone way down, it is still about the same as our remaining mortgage balance. What you are saying makes sense; however, we want to build and it seems more difficult to go that route than just buying something already complete.

Besides, if I were to get a bigger place, I would immediately want to go out and get a jet sled to fill up my shop.