How did I get into a house too big for my budget? My eyes were too big, my calculations too clever, my research too great, loan offenders very willing to help me and a bridge loan!
If you're ever thinking of one or someone ever mentions one, run away and don't look back!
They serve a purpose, but of course there is a price. Doesn't make them unusable. Sometimes you simply cannot sell first without losing out on a buying opportunity. Just factor the bridge fees into the cost of the opportunity when assessing whether it's worth it. Also shop around -- they don't all have an effective $6k fee before the dust settles.