<prompt> Human: Im 28 in August and have been thinking about purchasing property in Seattle and spending upwards of 500k. I am nervous about spending that much money and wondering if I am in a position to do so. Here is a summary of my financial situation.nbsp;Earnings: Gross annual salary 112,500 3000 shares of Microsoft stock vests evenly at 32017, 32018, and 32019. Currently valued 50share 20k bonus in Augustnbsp;Retirement: 19k in 401k, contributing 18k annually, 9k match 45k in ROTH IRA, not contributing 3k in Traditional Roth, not contributingnbsp;Savings: 19k emergency fund 36k Vanguard 2025 Target Date 13k Vanguard Total Market 100k cash gift, but I think of this a cash advance see belownbsp;Random: Live off base salary only, save 1400month 100 of all bonuses Rent 2100month, could reduce to maybe 1700month next time I look for a place 2014 Civic paid off, public transit to work, drive maybe 50 miles a week and would only buy property where this continues to be possible Max out HSAnbsp;Other Notes: Despite the 100k being a gift I would like to give it back somehow, either as a gift to one of my siblings for their future downpayment or just back directly. With this in mind, I view the 100k as more of an advance on my remaining and future stock options which I save 100 of. I think I would be able to spend 3,000month total mortgage, property taxes, HOA fees, insurance. Ideally I could offset this cost a little bit by renting out a room, but I am not going to count on that income. At 3kmonth I could still save 700month of my net income to grow the e-fund. Using mortgage calculators I think this puts me at a max property value around 600k with a 20 downpayment to avoid PMI. Location is one of the most important factors in my purchasing decision and I am probably not interested in the types of houses 600k gets you in the neighborhoods I want to live North Beacon Hill, Capitol Hill, Queen Anne, Fremont, Greenlake, Wallingford. I know other areas are cheaper, I am not interested in living on the East Side or too far southnorth of Seattle, I would rather continue renting. I want to buy something very nice and modern, or cheap enough that I can remodel immediately in a location that allows me to take public transit to work. So far I think this puts me in the market for new or relatively new town houses. I have family in the area that could help me sell or manage the property if I had to move suddenly.nbsp;Questions: Is 600k maximum a reasonable ceiling for me? 480k loan with 120k downpayment. Ideally I would get something at 500k. Is spending 500k-600k on a townhouse completely insane? Given my very specialized field of study i.e. not CS there are a very select few employers interested in hiring me. They are all in CoL areas at least as expensive as Seattle if not worse, like the Bay Area.  <response>: Im no finance pro, but if you are established at Microsoft, making that much, and you really want it and wont relocate permanently, why not. With that kind of income if you go max save mode you can pay the house off in a few years 