Can last decades, or you might move. Your income might go up or it might go down. The house might appreciate in value or it might go down in value. If you have

Can last decades, or you might move. Your income might go up or it might go down. The house might appreciate in value or it might go down in value. If you have the best house you can afford, you’re “locked in” and might have to turn down otherwise exciting opportunities because they don’t pay you enough cash to make mortgage payments. Plus, I know enough people that bought a big house, don’t use it, and just end up buying furniture for rooms they don’t use.