<prompt> Human: Im 25, one year out of grad school, and I have a job that pays 50,000 per year. I have no student loan debt, although my wife has four year of college debt to still pay off.We live in southern California and pay 800 in rent per month. We anticipate living in this area for at least another 2-3 years while my wife finishes grad school. My wife and I are wondering if it is the right time to purchase a house. We would rather invest in a home than throw money down the drain, but only if it makes good financial sense.  <response>: 2-3 years isnt long enough. You really need to be in a home for 5 or if you were buying a property with the intent to rent it out in 2-3 years. 