<prompt> Human: My wife is brilliant! And... going to med school. While the promise of high paying doctor salary sounds fantastic, Ill wait until that day comes. In the meantime, it most likely means we are in the hole 200k or so. About me: We have no debt outside of our mortgage. Both cars are paid off, no cc debt. My salary this year will be between 110-130k and we still owe 230k on our house which if we sold today we could expect 475-525k for. My wife does not work at this time. In the current scenario, we will be moving either to Boston, Chicago, Dallas or Houston chance well stay in Seattle but thats a toss up at the moment, still needs acceptance, which is a completely different housing market. My question is this: We have around 13-15k in savings the equity well take away from the house. I would love to buy a house wherever we move, but am thinking if we toss all that equity after feestaxes somewhere between 150-200k? towards her school payments and take out a smaller loan for her school, as soon as she starts making a salary, well be in a much better place debt free, two great salaries, but little down payment for a house. I HATE the idea of renting, but if it makes sense for the next 4-6 years, it might be worth it... thoughts?  <response>: Why do you hate the idea of renting? Following your logic, why dont you grow your own food? Why dont you make your own clothes?Renting is the SMART thing to do with the current housing bubble. You let the landlord get destroyed by property taxes, all sorts of fees, costs of maintenance, reparation, etc etc etc.And to your question, yes, try to get as much as you can from the sale of the house, put it towards med school and rent a place. Voila.4 years from now you will be back on your feet. 4 years is not a long time. Its just 4 summers. 