<prompt> Human: We are looking at a home for 450K our combined income is 150K. 12 years back this same home was sold for 300K and our salary was about 95K. Our salaries and the home price increased by 50 in the same time period. The person who bought the home 12 years back is paying lower mortgage on that home than what I would be paying if I were to buy this home. We didnt have even 5 down payment 12 years back. In hind-sight we think that we should have bought a home 12 years back, but we were risk averse. Are there any reasons that makes you think that waiting was beneficial?Thanks.  <response>: Lot of great investments to be made looking backwards. No guarantees going forward though. 