<prompt> Human: 29 and married with no kids.Income: 6.5kmonth take home Joint, after taxes.Savings: 80kDebt: 5k student loans at 5. payments 217month No other debt.Cars: 1 new and 1 old that may need to be replaced soon. We can get by with 1 car if we have to..My wife and I have been living in a very tiny apartment. This place would be tiny for one person. Weve been living very frugal and saving everything we can to buy a house. Im very proud of her as she has stayed positive and patient this past year, especially considering the significant downgrade in living luxuries she has put up with after moving in with marrying me.We plan to buy a house in the 400k range. PMI always seemed like a complete waste so I insisted we put down 20. We finally have just enough for the down payment.My two concerns are:1 Buying a house will drain nearly every penny we have.2 We have no money what-so-ever in retirement fundsaccounts.I know we need an emergency fund post-house purchase, so Ive talked to my parents and theyve agreed to support us with an interest free loan for a few months in the event something horrible happens before we are able to rebuild a real emergency fund. Theyve already moved 35k of their money into an account in my name. This is also to help with loan approval since banks dont like to see all funds drained for the down payment. This was done slowly over the course of 1 year to avoid raising questionsflags with banks.I guess essentially what Im asking is, given my situation, is buying a house now the right move?TL;DR - 29 yo. Married. 6.5k take home income. 80k saved. No retirement. Should I spend it all on a house?  <response>: This is also to help with loan approval since banks dont like to see all funds drained for the down payment.Why do you suppose this is? 