Comment 6 for bug 1024313

I can also confirm the substantial extra waiting time when bootwait is added - which is needed for a
home directory.

Also anyone, that likes to go the nfs v3 way, may save some time not making my mistake....
In /etc/fstab an nfs3 mount needs the '/export' prefix on the mounts

For example with nfs v4:
1.2.3.4:/share /mountpoint nfs4 bootwait,nfsvers=4 0 0
In order to use nfs v3 change it to:
1.2.3.4:/export/share /mountpoint nfs bootwait,nfsvers=3 0 0

I have not yet been able to test how my setup performes with v3 though.

Regards