<prompt> Human: My wife and I are looking to purchase our first home and take advantage of these low interest rates. We were thinking of the 200k or less range but using the 28 of our debt-to-income that our credit union will afford us we can spend about 300k. We would still be able to max out our IRAs and live comfortably but there wouldnt be a lot of wiggle room. We also have 10k set aside for emergencies as well as the down payment. Is it wise to tie up a good portion of our expenses in a home if we plan on staying long term? What else should we take into consideration?  <response>: Should I buy as much carcomputerchickencokeflour as I can afford?You should buy as much as you need and can afford. Its not like this extra 100k of house will produce income or be a super investment - its consumption. Sure in the end it might turn out to be a cheapzero cost consumption, but the house you live in is more consumption and less investment. 