<prompt> Human: Living in high cost los angeles where anything nice goes for 900k...our income is 350k .a year, and we have 280k in student loans to pay off. What is the most we can comfortably spend on a house? definitely want to have money aside to travel, afford nice car, go out, etc.. Please advise. We have no kids and have 300k plus in savings for the 20 down payment on a million dollar house. Should we go for a crappy 2 bed 2 bath 1200 sq foot house that we would spend 700k on or a nice 4 bed 3 bath 2800 square foot house for 1 mil? This is our first home...after so many years of schooling it just feels like it would be nice to have a luxurious home..i am 29 and significant other is 32, we dont want kids for at least another 2-3 years  <response>: Honestly I would take most of that 300k and wipe away the student loans or at least the highest interest rate loans before adding a ton of house debt into the picture.Rent affordably, budget, and with your income, your house down payment should be built back up fairly quickly.When you do get a mortgage, try to pay it off in 15 years or less. 