<prompt> Human: Hello! I dont really know where else to post for advice like this so here we are. My wife21 and i22 are going to be in a situation where we need to move as our current property is being sold. Our landlord told me yesterday that he is listing this property Friday and to be prepared to have to move. He said he is going to try to urge the new buyers to let us live here its a triplex but he cant make any promises. I make about 35k and my wife makes about 30k a year. We have about 12K saved up and the only debt we have is her 8K student loan. So naturally my wife and I are considering applying for a loan to buy a house in our area which would be around 300K for a starter home. Considering we are first time buyers and could probably qualify for an FHA which is 3.5 percent down, Im wondering if it would be a smart idea to try and buy a house now or if we should wait until we can put down 20 on a house which could potentially take another year or two and rent in the meantime. Any input is appreciated!  <response>: 300K for a starter homeYou dont have the income and have nowhere near enough saved to buy a 300k home. 