I would have much rather bought low with a high interest rate. My rate is 5.7%. That means I can NEVER re-finance. I paid a quarter million for a 3 bedroom (With a 1000+ sqft garage !)
Now in order to make that money back, I'll need to ensure that everything I do adds to that house. I wanted to make it a 2 bedroom, but 2 bedroom places don't sell. Scrap that idea.