<prompt> Human: This is my first reddit post so sorry if Im not super savy on anything here but I was googling and saw some great discussions about this topic so I figured Id try to make my own thread.Im trying to decide if buying a house is right for me.Im 22 and single. I work from homeam starting my own business. Its still growing so my future income is unknown but Im more of a side hustle type person so I dont fear not being able to make rent. Im willing to do whatever it takes to make rent currently. I currently only pay 500 a month on housingutilities but trying to run my business out of a one bedroom apartment is killing me. I need more space for my business to successfully grow and I would like to keep it an in-home business for the next few years at least. I have about 3000 worth of debt and currently no savings. I know that isnt ideal but I would be willing to push myself for the next few months to gather up a few grand for down payment, and emergency fund. The thing is in my area Metro Detroit there are some pretty cheap houses and I would only be looking to spend like 80,000 or less on a house so mortgage payments would be around 400 or less. The extra space would be a huge asset to me properly growing my business. I have 2 friends willing to rent rooms which I know isnt a guarantee but even if they both paid 200-300 a month I would be getting more than my mortgage payment for at least the first year yes they would sign a lease and everything would be official, Im not that dumb. Im also a diy person and would be willing to do any repairsupgrades myself that I can handle so maintenance costs could be kept to supplies and stuff thats out of my league like electricplumbingroof stuff. I guess I just feel like this is one of those too good to be true things. Im young, Im a risk taker and willing to jump into owning a home because I am extremely sick of renting and having the independence of owning a home is a huge goal for me. But I dont want to jump too soon and ruin anything. Not many people my age own a house but I dont really do things the way youre supposed to. Any advice is appreciated.ps. my parents kicked me out at 18 so I have been on my own for over 4 years and dont have much help but I do have experience living on my own.  <response>: starting my own business...I have about 3000 worth of debt and currently no savings...I cant say as I dont see your personal situation or the future, but I would not be thinking about buying a house if I were in your position. There are a few more things to keep in mind. 1. You have no down payment, so thats PMI youre going to need to pay in addition to the other costs like taxes, utilities, and insurance. Bigger spaces cost more to heat. 2. The type of home you could afford buy would likely need upkeep and maintenance, which is an additional cost. Even if you do it yourself. Even if you dont screw it up and require someone else to fix it. Youre still paying for supplies and taking time away from your new business to do the work. 3. You have closing costs to consider which further increase the price or require money up front. 4. Dont rent to friends in the same way you wouldnt loan money to friends. You can do it, but at that point they stop being friends. They become debters or tenets. 5. You dont have any information on your income. If youre starting a business, you likely wont have much or any at all. In fact, youre likely to have to take on more debt to get it off the ground. TL;DR: Its not about age. Its about financial position. Yours isnt great for a homebuyer. 