<prompt> Human: Its a 1800 sqft house with a lot of land and is close to my parents. My wife and I live comfortably money wise but have to be deliberate to save money in our current financial situation. We have only had our current house for 1 year. Monthly payments would likely jump up between 5 and 800 bucks - prop tax is ridiculous and power bills are high for her. The house was built in 1980s and is old woman themed so it needs an overhaul. Is it a stupid move to buy this house or should I go for it? We are fine with our house now but is about 500 sqft smaller with no land and we will likely upgrade one day. We have about 20k equity in it now but realtors fees would make it more like 10k if we sold it. Just curious to know your thoughts? Would you go for it and why? I have time to decide and maybe even to save up, she is likely to die soon but who knows...edit: Thanks everyone I have come out with a lot more things to consider. I guess I will just have to wait and see how long she lives and how ready I am to make the move. Thanks again  <response>: So you are essentially considering buying a house for what you think is 50K less than what the house is really worth? Have you had the home appraised recently? Inspected?You claim your finances are tight from what I gather, but you do not really give an idea as to how tight. If your seriously considering a move that increases your cost of living well in excess of 1000 per month... then IMO your finances are not that tight. Do you like the house? Is it really worth 50K more than your going to be paying for it? Are your finances healthy enough to endure this pretty large cost of living increase while still being able to maintain some kinda decent savings?If the answers to all three of those questions are yes, then Id say buy the house. 