<prompt> Human: So after a series of counter-offers, I just got word from my realtor that the selling party accepted my offer. I think its finally setting in, and... lets just say Im feeling a bit unsettled.Its not a particularly large home - 2000 sq ft, 3 bedrooms, 7500 sq ft lot with a detached garage. The location is nice, walking distance to downtown and two parks, good schools, and near work for my wife and I we commute in opposite directions, its going to be about 40 minutes each way for both of us. Its in the bay area, which is one of the most expensive areas in the world to live, but were both professionals making six figures. Still, I grew up in a less well-off family, and these numbers have basically reached a point where I simply cant fathom their magnitude. Were putting 400k down, which will leave us with about 50k in savings. Its not too late to adjust these numbers updown.We currently rent a 1-bedroom apartment for 3kmonth on a 12-month lease thats up in December. Part of the impetus to buy a house is that it looks like rent prices are only increasing, and if were going to be starting a family soon then we need to start thinking about getting more bedrooms and stuff. House prices around here have been skyrocketing even faster than rent, such that the houses were looking at now would have cost 100k less just to buy earlier this year. We figure if we ever want to get into the home ownership game, now is the time.We did the math, and the mortgagetaxesinsurance is basically going to gobble up 100 of my take-home income, then well live off of hers for the rest. Is this reasonable? I dont know. Is this stupid? I dont know. Moving to a cheaper location isnt really an option, since I have golden handcuffs keeping me at my current job, and both of our incomes would decrease drastically if we went anywhere else. Were also both really young mid-twenties, and not really risk-averse. I only got to be as fortunate as I am by taking risks anyway.I just want to hear your input on my situation. Is this reasonable? Edit: Some numbers: Combined base income is 240,000, average expected bonus for both of us is 10 we both are hitting 15 this year, plus 50kyr in stock for the next three years with renewal possible after that depending on performance of myself and company. We both contribute to our retirement plans up to the employer match and I also put some money into an Health Savings Account. The loan amount is 1 million. We have no other debts. The golden handcuffs I referred to are an additional 250k payout pending delivery of certain milestones at my job, which should be coming in the next three years.  <response>: Hey just cause they accepted doesnt mean you have to purchase the home. You can still back out. Theres still a grace period, maybe theres something in your inspection that you dont like etc 