<prompt> Human: Topic. Currently I live in a hot real estate market. Housing is expensive. I live in a townhome I purchased for 93k. I owe about 75k. Its worth about 135k. It would rent for about 1,300month my mortgage,insurance,HOA is about 800month.I just made a big move up in my career with an 80k a year job. I have a bonus that caps at 70k, and realistically I should get at least 20k. My wife makes 30kyear but is on track to finish school in 18 months and be making double that immediately upon graduation.We want to move into a forever home to start a family and rent our townhome out, and pay it off aggressively as an investment property.My only debt is a few thousand on a credit card I could basically pay off now, and I owe 10k approx on my wifes car which is more or less brand new.I feel like I can afford the 320k home. I feel like its in an area that will appreciate substantially, and wed be perfectly happy if it didnt. Its an area Ive wanted to live in, great schools etc.Idk if it matters but Im 29. I put away 8 into my 401k and increase that yearly.Can someone talk to me about this one way or another? I think Ill be perfectly fine but I want other opinions.Assistant: My only debt is a few thousand on a credit card I could basically pay off nowThis is what concerns me about your finances. Do you have anything in the bank? In other words, can you afford a 20 down payment on a 320k house?As far as a rule of thumb goes, spending no more than 3x your annual income, you are in the ballpark, since youve stated you likely make at least 100k after bonuses and then theres your wifes income. But again the unpaid CC debt is a little bit of an alarm bell.Human: Yeah I have about 30k cash I just have money on the card because I use it for cash back and pay it off. Basically a debit card but not.  <response>: If you pay it off completely every month, I wouldnt even consider that to be cc debt 