<prompt> Human: Hello all, my fiancee and I over the last couple of weeks have been discussing purchasing a home and I was looking for some advice. First off a little background: I am 30 years old and will be getting married next year. My fiancee and I have saved up enough money in a joint account to help pay off the wedding with the help of some monetary contributions from both of our parents. We are currently renting a 1 bedroom apartment in the city for about 1,800 a month. Come March, my fiancee will be quitting her job and will be a full time student. We are currently living off my salary, approximately 100kyear, so that she can save all her income to help pay off her student loans for school. She will be in school for the next 3 years therefore we wont be moving from the area until she is done. During that time I will be the only source of income. I currently have about 46k in savings and my fiancee has about 30k. We have discussed our future together and we would like to try having kids in about 2 years or so. My fiancée would like to purchase a home this year in the city and we would be looking at places that wouldnt be more than 300k. We would only put down a 10 down payment. We would ideally purchase a two bedroom houseapartment so that if we have a kid in 2 years we can afford to stay in our new home. We would live in our new home for about 5-6 years and then consider moving to the suburbs away from the city life. My alternative to the above option would be to continue renting for the next 3 years until my fiancee is done with school. We would then look for a house in the suburbs. Am I overlooking something here? Would it be a wise choice to purchase a home and then try to sell it in 5-6 years to move to the suburbs?  <response>: My alternative to the above option would be to continue renting for the next 3 years until my fiancee is done with school. We would then look for a house in the suburbs. Am I overlooking something here? Would it be a wise choice to purchase a home and then try to sell it in 5-6 years to move to the suburbs?Thats a better plan. You need to get a bigger place, but you dont plan to stay there long term. Renting is the best option. Think about the risk you are taking with a mortgage with 10 down. What happens if the housing market goes down and you are trapped underwater? Since you will be single income, what happens if you lose your job? Renting is more flexible and in your situation you need flexibility. 