<prompt> Human: Hello, I am 24 years old making 36,200 a year part time while starting school. I plan to purchase a home before the semester starts and rent out the 2 extra bed rooms to help pay for the mortgage then sell the property in 4-6 years. The home that Im looking at is a new development that is listed at 280,000. UnfurnishedI have:40,000 cash, 30,000 tied up in assets that could be used if needed, 10,000 inheritance available in 1 yr., 25,000 in assets, No debt, 760 credit score.Financing:30 yr fixed VA home loan 280,000, 10 down payment required, 3.625 APR no points, no origination, 10,000 closing costs. 1250 monthly payment. I plan on taking out as much subsidized loans to dump in to the loan to add to the principle and increase my earning capability. Am I in financial shape to purchase a home? How able am I to negotiate with developer priceclosing costs on newly built housing or with the banks interest rate?  <response>: I bought a house at 26 when I was single. Even though I could financially, it was a bad decision. I lost my Job 2weeks after moving in and the only job I could find that was paying enough was and hour and a half drive, over two and a half hours with traffic and I had to move, just a year after moving into and buying the house. I couldnt sell the house and its been rented for the last 6 years. When you rent and not buy, you are basically keeping the ability to move when and where you want, which is a freedom I needed. Also, so much can change when you are in your 20s. I was stubborn and didnt listen to those around me saying I should wait to buy, and I regret it every day. Im 35 now and still dealing with that stupid house. Even though it seems like you are throwing away money, you arent. Id give anything to go back in time and not buy that house. Plus, you never know who you are going to meet and what job opportunities are going to come your way. You might think nothing will change, but it always does. Hope I can help save someone from making the same mistake I did! 