<prompt> Human: My wife and I are looking to buy a bigger house. Our current home is worth 310,000 and we owe 250,000. Our financial overview is:Income: 210,000, which will likely increase to 300,000 over the next 5 years. Expenses:Car: We only owe on one at 400monthStudent Loans: We have about 700month which will be paid off in 5 years. Daycare: We pay 1600month and will be doing so for 5 years. All of our other expenses are pretty average, grocery, car insurance phones, cable, etc. My wife is wanting to keep our budget below 400,000. She has read that people report difficulty when a mortgage is over 30 of their income. The mortgage would be 2,900 and our monthly take home is 10,000. I am wanting to increase it to 450,000. The homes in this price range are what I would classify as our dream homes. I understand it may be tight, but it will only be tight for a few years. In 5 years when our income has increased, our kids are out of daycare and student loans are paid off the house will not be a stretch. I think this will prevent us from feeling the urge to sell in 5 years.  <response>: Based on all the things that are going to happen in five years, it seems like you should probably save up and buy your dream home in five years.We bring in 10kmo and the thought of a 450k mortgage on top of your 2400mo in just daycare and student loans makes my palms sweat.Just my opinion, though. Im sure lots of people at our income level buy that much house. 