<prompt> Human: Ill give some more details. Im a police officer and my salary is 60k. Im on a 9 year tier system where Ill eventually make 93k. Im on tier 2 This is before overtime is counted in which could net me more money. I am single, pay 300month car includes insurance, 119phone, and have one credit card. I found a nice home for around 145k within a less than 10 minute commute to work. nice backyard, finished basment, and just the right size for me. I saw this and instantly fell in love. Am I crazy for wanting to buy it? I feel I could definitely afford it, but as Im only 23 I dont know about the hidden factors and potential costs when it comes to buying a house. Any input from, youre stupid stay at home and save money to you can afford it, but heres what you need to, do is welcome. Edit: I dont think I can afford it just yet. I dont have enough for 20 down and an emergency fund which is what most of you guys are recommending. I may look elsewhere to rent. Thanks for the answers! Edit 2: thanks for all the input! Ive decided Im going to take advantage of my living situation currently and save money for down the road. Im in a fantastic position and am going to take full advantage of it  <response>: I bought a house at 25 with around the same salary at the time. Easily the best financial decision I have made.If you want to stay at home and save more money that is fine too.Looks like youre in a good situation either way. 