Totally. Buying in Louisville means that you probably dropped less than $100k (significantly less, if your house payment is $550-per-month), so barring any enormous incidentals (like a tree falling on your house and your insurance company weaseling out of it), you should be in the black within four of five years, even with a recession. Of course, it's all about location, location, location, so if your neighborhood becomes a crank den between now and then, you're probably hosed.