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[quote=Anonymous]Single mom of kindergartener here, HHI a slightly less than yours My mortgage makes me nervous, and that's all the debt I have. You have too much debt to be thinking about taking on more, or if it is, it has to be very little. If you're figuring  on what kind of mortgage you think you should have, you have to take it and subtract the $210k to figure out what is a feasible debt load.  To be sensible, that only leaves you with about $200k more, and that won't buy you anything worth living in around here.

Remember that you are always one accident away from being on disability with little to no income.  Keep renting and throw the money at additional retirement savings and those student loans.

Renting gives you flexibility. If you use large pots of cash to buy, there is no guarantee that if you buy you will walk away with any equity when it comes time to sell (ask me how I know this).  There is nothing wrong with not owning a house. Many city dwellers never own anything and do just fine.

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