<prompt> Human: Im just finishing a masters. We have only 1,000 in savings since I havent worked in 2 years and about 9,000 in student loans plus about 21,000 in a vehicle loan.The property is a gorgeous 18 acre lot 30 miles from a major city. The 2 bd 1 bth house that is there was built in the 1920s and would require several repairs before move-in could happen including at least: -installation of central heat and air currently window units and furnaces - completely redoing electrical currently has glass breakers -completely redoing plumbing. In addition, we want to start a family soon and the house most likely contains lead paint and asbestos construction materials. I kinda worked out a way that this might be possible. But it would require too much in my opinion. 1 For the down payment on the original property purchase 180k, so 27k required, we would both have to empty out retirement and savings postponing penalties and taxes until April 2016. 15 required 2 We would then have to borrow money from her father for the down payment on the renovations. Also 15 required. We havent gotten a contractor to estimate the price but I guessed 50k so 7,500. 3 Once renovations are done we would move into a 1400 square foot home possibly with lead and asbestos with tons of property and potential... Ive wrestled and gone back and forth on this for days. I called today and told her we should walk away. She cried which is cheating for a solid 10 minutes. TL;DR I told my wife we cant make an extremely risky home purchase because it would require everything weve saved and then some for the down payment. Help? EDIT: Wow, this really blew up. To answer a few questions. I graduate in 3 weeks. I start my job in June. Our combined 401k savings add up to about 26k. If everything went exactly as planned, our required payments towards liabilities would occupy roughly 30 of our monthly after-tax income. She currently makes 55kyear and my income will be around 55kyear once I get started. We took out a loan for a vehicle because my vehicle died and we had to have something. 2nd EDIT: To those with disparaging remarks towards my wife: I married the right woman. She is an amazing, kind, loving, beautiful lady who could probably do a lot better than me but I got lucky. Were currently having a disagreement of opinion right now and I wanted to make sure my take on the financial situation was accurate. And if Im honest I skewed the available information to include mostly the negative things that Im focused on right now. Please dont say anything negative about my wife. Final EDIT: Thanks to everyone for backing me up. Life, especially married life, has a ton of hard decisions in it. It helps to hear that I made the right call here, even if it hurts. Good news is I did some Excel work and we can save about 28k in 6 months by living with her parents. This particular property may be gone by then but Im pretty sure well find a great home that wont require a spotless lamb. Assistant: rrelationships rrelationship_adviceHuman: Will do, thanks. Sorry if this is the wrong sub, but I honestly wanted a financial review on my decision. Now off to rrelationship_advice on how to make wife happy and such...  <response>: Tell her that its going to be an albatross and watch The Money Pit on netflix. I am REALLY INTO having nice digs and Ive had to reject several dream house possibilities for practical reasons. There will be a chance to get something that makes you both happy and fits your finances eventually. 