I can't comment on your particular situation, but my partner and I just went through this (closed in May 2021). Our thought-process was that we would only purc

I can't comment on your particular situation, but my partner and I just went through this (closed in May 2021). Our thought-process was that we would only purchase if we could: - Plan to live there for 5-10 years - Plan finances to be able to weather a recession and housing bust within the next 1-3 years (related to the first requirement) - Plan to live in a place which would have been tolerable Pre-COVID This is a hard set of requirements for most people but fortunately we are in a good financial situation to be able to meet them. Pre-COVID: Both of us are remote now (with me having been remote for 3 years prior to COVID). Her commute would not be bad if she had to go to the office. It's not common for technical sales to be in offices, so I am not seriously impacting my career options. Live there for 5-10 years: We moved back to be near her aging parents. We don't plan on moving _away_ from them and like the area. The area is great for both of our careers and has fantastic schools. Recession weathering: We had enough available to put down a sizable (50%+) down payment so our monthly mortgage is do-able on 1 income. The net/net is that I'd hate to be a person who wasn't in a well-paying career who hasn't been fiendishly saving for many years.