<prompt> Human: My wife and I are considering making an offer on our first house today. I have run through all of the calculators and stuff and they all indicate that we are in an OK place but I value the opinions of this community far more. I also dont have a good handle on the cost of house upkeep etc.The housefamily: HCOL area 3200 Sq. Ft. 4 bedroom4 bath. Modern finishes. Great flat yard on a cul de sac On the upper end of the market for the neighborhood but by no means the top. Area is rapidly gentrifying Good elementary schools but poor middlehigh schools. Will likely need to move in 10 years unless things change. Private school is also an option. Built in 2013. Well maintained. Visual walkthrough by contractor showed no red flags 2 adults, 1 infant, 1 toddlerThe offer: 1.365m list price was 1.35 but we suspect there will be multiple offers Will waive inspectionOur financial situation: 470k combined base income split evenly between the two adults. Other bonuses and stuff are also there but we dont really count those as they are variable. Down payment is a bit less than half of our assets not tied up in retirement accounts or unvested company stock There is a possibility that I could lose my job in the next 12 months. I would be well take care of if this happened but it would impact cash flow. I anticipate finding another similar paying job could take up to a year. My wife has a lot of job security.I never thought I would spend this much money on a house but unfortunately it is the cost of entry into the market for SFHs. Do these numbers add up to you guys? Do you think I am crazy for purchasing a house when there is a chance my employment could come to an end? How much does upkeep on a relatively new, efficient home of this size equal? I suppose I am partly just looking for validation or lack thereof before pulling or not pulling the trigger. Thanks in advance.  <response>: 110 do not waive the inspection, even if the house is newer. Theres some great YT videos of inspections on new construction that are frightening.My wife an I lost out on our first offer because the other bidder waived the inspection contingency, and I do not regret it one bit. Let it be that other idiots problem. 