<prompt> Human: My wife and I make a combined income of 230k. How do I not have much savings? Well, we havent been making this kind of money for long. Weve just recently paid off all our dept student loans, cars, student loans, credit cards, student loans. There was also me bailing out some family from a bad situation recently. Anyways.So heres the deal. Our landlord is going to sell the property in a few months and we will have to move. Id love to stop renting and buy a house - we have kids and would like more room - but there isnt time to save up a real down payment plus the 10k in closing costs by December. The idea of moving again in a year is god awful. A decent townhouse in our area is going to cost at least 350k, and thats if we move way out into the suburbs. Hell, even with 0 down our mortgage taxes and such would be less than our 3000month rent.Were both 30 with about 120k between our 401k plans and growing yay, company matching!. We live in a high cost of living area DC area and pay an awful lot in rent. My credit score was 783 last time I checked.Im not the smartest man, but if both our jobs are stable and were planning on staying put for the foreseeable future, would we be crazy to consider a 30yr fixed 100 financing loan? Ive been told that borrowing from my 401k is a badbadbad idea, but theres that, too.The alternative is to move out to the burbs and rent a townhouse, I suppose. Itd be cheaper, but moving is hell with a family so Im ready to settle down.TL;DR:- Have to move by December- Currently paying 3,000month in rent- Wont have much down payment by December- Can buy home for 350,000 if we move to the burbs- What do?  <response>: If I was making 230k, I would wait it out for a year and save up a very nice down payment. But I dont mind moving, and am adverse to risk. 