<prompt> Human: Hey all, longtime lurker and learner and really value the opinions of people here so thank you in advance and sorry for the anon post.My wife and I are looking at buying a home, but something just feels wrong. I have no doubts we can afford it. 800 credit, 100k saved for home purchase with another 30k emergency fund, which is what we figure would be 6 months with a mortgage. Income 210k. No loans or car payments or anything, bills paid in full each month and tracking all of our expenses combined its less than 4k a month and honestly a lot of that could be cut back. Max 401ks as well as Roth IRAs and a 3rd account because my wife works for the government thats essentially another tax advantaged account with the same limits as a 401k and she contributes to a pension fund as well. After all that, were left with 3600 each month. We can afford a mortgage of course and could always cut back somewhere on the retirement accounts if we needed to, but what were struggling with is the home prices. In our area things have pretty much doubled in the last 5 years and it just seems unsustainable, like with interest rates going up that prices really have to start coming down and were already seeing signs that the market is slowing and more homes are for sale. The average sales price is currently 5x the average family income and wed probably be looking in the 350-400k range for a new build. We just feel the prices are high and our rent is cheap, 2 bed, 2 bath for 940 a month. Were torn as to just keep renting and maybe take advantage of a mega backdoor Roth and travel more, or bite the bullet on a home purchase.What would you do?  <response>: I dont think theres anything wrong with continuing to rent if youre happy renting. With that said, you cant time the housing market just like you cant time the stock market. But in your case, I guess you can wait a couple more years and see if your hunch is correct that the market will soften, and then buy. Just dont end up in the same spot you are now, where youve seen the home prices rising and arent sure whether its sustainable.If you can continue to save 3600 a month for another couple years, you can have close to 200k saved up, if youre really that worried about having much of a mortgage, thatd be quite the down payment. Id personally just put the 20 down on the house and put that money in the stock market, though. 