<prompt> Human: This man spends all his free time looking at properties in our area. According to him: its a good time to buyputting 20 down is pretty uncommon apparently 3-7 is all we needour rent money could be going to something usefuletc,etcHes looking at properties around 200,000. Our emergency fund is about 8k, we take home 4500 combined, We are both in school until 2016 and then we will have to start paying student loans I will have 60k 3-6.8 when I graduate, he will have 30-40k. I think his plan is to use his retirement as a down payment we are both in our late 20s. Also, his coworker just bought and got a 5000 discount American Dream down payment; would we be eligible for that?How much savings should we have? Do financial planners do one-time consults? I figure that will give us a better idea or snap him out of it, but I wanted to ask you guys first. How far off are we? Edit: thank you all for reaffirming my sentiment. All his friends and family are telling himus! to go for it and I thought I was losing my mind. Edit2: Just want to say I read all your comments and I appreciate and agree with all of you! We dont even share finances at the moment, just split everything 5050. He lives paycheck to paycheck, I dont. He has just brought this up casually because his coworker put a bug in his ear I guess and his parents are backing his ideas I think they even said they would help but 1. it wouldnt be much and 2. I dont feel comfortable with that. I think he is just a bit misguided. All I know is Im staying out of it! Thanks again.  <response>: Sounds like someone who doesnt know how to waitsave for something they want. You all have -100k dollars, pay that down and contribute to your emergency fund and a down payment fund. 