<prompt> Human: Fwiw I dont really need a house. Currently live with my parents earn approx 60kyr. Edit: I live in an area where cost of living is not high.Expenses: Car payment 160mnthCar insurance 100mnthCC balance: approx 600mnthI have 40k in my bank account. No CC debt, have a very good CC score. No student loans. In the long run will owning a house be beneficial? Im not really in a rush to move out but have a lot of disposable income at the moment. thoughts?  <response>: You should buy a house if you have a reason to buy a house. You shouldnt buy a house just because you have the money to buy a house. 