<prompt> Human: Here is my situation...25 years oldIncome: 42k Student Loans: 13k 200 minimum paymentCar Loan: 8k 200 minimum paymentSavingsEmergencyLiquid: 15kI live in a pretty expensive area Los Angeles.Im looking at houses in a slightly less desirable area where the houses are a bit cheaper. Ive always dreamed of living in a tiny house where space is used efficiently, but even the smallest houses in an area I would consider living in are 200k-300k. Now I have been looking into getting a mortgage for quite some time and since my credit is great, it looks like there are institutions willing to approve me. Im getting several offers for the purchase price of a home at a 4 interest rate with 5 down 30 year fixed. My current so would plan on moving into the house with me, which, when you break down the payments would be similar to what I am used to paying in rent. I know there are other expenses with owning a house, but even with insurance, property taxes, maintenance, Id still be putting about the same amount toward living every month. Now, Im conflicted on this...On the one hand I feel like this is WAY too deep of a hole to bury myself in. I feel I should continue paying off my loans, continue saving for a large down payment, and possibly look for a higher paying job. At my current employer 3 years Ive been getting a 15 raise every year since I started.The other part of me is so sick of paying rent. I hate that the majority of my salary every month goes towards something Im not getting a return on. The thought of paying the same amount towards something I would eventually own is extremely enticing and property values in the area Im browsing should only increase over time. Its a very centrally located neighborhood with low crime. So Im wondering, has anyone been in a similar situation? Is it a really bad idea to try and move into a house in my current situation? Ive asked just about every knowledgeable personhome owner I know to give advice on the subject and I keep getting conflicting opinions. Every buyrent calculator Ive taken online says to buy, but there is a big part of me that thinks that could potentially be a stupid decision.Id love to hear rPFs take. Thanks in advance!  <response>: Id focus more on paying down existing debt and seeking higher income. 