<prompt> Human: Interest rates today are near historical lows. If interest rates rise in the future, is seems likely that the value of my house would go down. I am not in a rush to buy a house. I can buy now, or I can wait 5 years.Does it make sense to wait for a few years before buying a house? If interest rates stay the same, I dont lose out on much by waiting a few years. If interest rates rise, the actual value of the house goes down, so I have more potential upside - the value of my house will go up by a lot if interest rates go down again.  <response>: While houses can be truly awesome financial investments, I dont believe that their primary purpose or reason should be a financial one. If you look at it purely from a financial point of view, the sooner you buy the better since real estate prices seem to grow over time and are getting more and more expensive as land fills up. I dont see your point regarding interest rates increasing or decreasing effecting the value of a house though. Especially in your horizon of 5 years, its unlikely that interest rates will change drastically to the point that people cannot buy homes and the market crashes. The most important thing is that houses shouldnt be primarily financial investments, or at least a primary residence shouldnt be. Buy a house if you want to settle down and have a home for a medium to long-term period, not because you want to make , because after all, its where youll be spending a significant portion of your daily life. 