One has to consider whether paying 2200 a month and banking 1800 might be wiser than committing to a 4000 a month mortgage. At least for a year or two, and then reassess.
Things are up in the air right now. Real estate may be a dom.com bubble.
That may well be true, but real estate isn't like other manufactured things. There are only so many beautiful places to live. Also everyone has to live somewhere.