<prompt> Human: Hi guys. Ill try to keep this short. Ive been doing reading and getting all sorts of opinions and Im still so unsure and would love to just get your honest opinion here. Wife and I combined make about 67k, stable jobs. Have lots of school debt. Our loans vary from being between 7 and 22 years away from being paid off, and in all we pay in about 1200month on them. Unfortunately cant go back and change that now - already refinanced and such. so those are as good as they get. We currently pay 1130month in rent and it keeps rising. Weve lived in the area for a bit over 2 years now and our rent has raised over 200 since we first moved in - much higher than our cost of living increases in wage. It seems all of the other rentals here raise at the same rate, so its not just our landlord. It continues to rise, and its the cheapest rent we can find for the most part without moving to unsafe areas. We work outside of a major US city so rent is high around here and despite lots of rental properties, most are taken and the few we do find end up getting filled before we can even apply unfortunately. That is why we are looking to buy.We dont save much right now as were dumping so much into our school debt. We probably put away 100month into our savings after paying all bills and putting a small percentage into 401k.We met with a realtor we like and trust and he explained that a mortgage broker would most likely pre-approve us for something in the 1200month total range. He calculated this based on no higher than a 45 debt-to-income ratio, minus our school loan payments. Obviously Id like to stay below our current rent, if not closer to an even 1000month. That puts us into buying a house around 120k - small, outdated, but doable. So this is our dilemma. I know taking on owning a house is a lot and involves paying for all maintenance and repair, but we have found some decent homes that we could afford. On the other hand, our rent continues to rise and were afraid we wont be able to afford it here soon. The leasing office told us that around Feb or Mar our rent will increase from 1130 to 1220, another 90! But with a mortgage, at least it would stay the same.We would not be able to put any money down - maybe 1 if that matters but I rather have that in my savings account in case of other things, and closing costs and such. We are fortunate to have families that are well off and would surely help us with some costs or any emergency that could happen roof repair or something for example.So, what do you guys think? Thats our story. We make less than people our age and have more school debt that people our age. But I feel like buying a home could be a move in the right direction, as I dont see our income going up drastically anytime soon, and our loans arent going anywhere in the near future. Thanks for the help - it means a lot.  <response>: Do you think my wife and I 26, 24 are ready to buy a home? We would not be able to put any money down No. 