<prompt> Human: My lady 26 and I 28 have been renting for a few years, all while casually condo hunting, and have found something we really like and are thinking of pulling the trigger. Current rent is 2950month factoring in parking and pesky mandatory fees and management has been raising rent 100-200 per year since we moved in. No kids and none planned for 5 years but as mom always said life happens when youre busy making plans. The condo we want is asking 675,000 and the realtor says sellers will likely accept 650,000. We have about 150k in savingschecking accounts TOTAL and maybe 20k in 401kretirement typebrokerage accounts, since weve been trying for house and pay down student debt 38,000 remaining of 120,000 at the start. Combined annual income of 295k expecting to jointly make 305k-320k next year. After mortgage, HOA, property tax, insurance and all in if we put down 20, it looks like wed be at 3800-4000 month in housing expenses, up from the almost 3000 rental now and our closing costs according to the guy would be 8000-11,000. However likelyunlikely it is to continue, no one knows, but home values in our area have been growing 3-4 or more per year annually in the recent info available. Some years as high as 7. My concerns are: 1. The downpayment and moving expensesclosing would wipe-out most of our savings, and weve been saving for so long that Im a little nervous rebuilding that, even though the goal was always a home. That feels like security. Maybe stupid. Were both contributing 10 to retirement plans now and Im hoping to up it to 15 after reading this sub a good bit once our expenses stabilize. 2. We have two cars now, used and paid off, but mine is nearing the end of its life. Im hoping to replace it with another used, or maybe CPO if its worth the splurge, vehicle for under 20k. Expect to need this in the next 1-2 years. 3. Buying a house is scary man! I have written and googled every possible hidden expense and I still dont know if Ive got them all. Thankfully the place doesnt need any repairs but I expect wed have to get some new furniture.4. Should we pay down the debt first? Im worried if we do, and delay home search even further, house values will go up, and maybe we wont find another we love.  <response>: I say you are about a year away from your house. You have the 20 down plus closing cost that you need. Can you take the next year to get debt free, save up for a used car, and build some emergency savings? If you wont be priced out in a year, you should probably wait. 