<prompt> Human: My husband and I are considering looking for land on which to build a modest home. This year I increased my net income to 90,000 and my husband makes 60,000 so together we net 150,000yr. We are fairly frugal and live on about 28,000yr, leaving 122,000yr to saveinvest. Looking at land in our area rural U.S., we can plan to spend 100,000 on the land and 150,000 building a small house. We currently have 130,000 saved. That means if we save for two more years we can buy it outright.We are both a little uncomfortable with debt and we currently have no debt whatsoever. We own both our cars, have excellent health insurance, have few large assets, and will not be having kids. However, I have relatively poor credit due to medical bills that went to collections 5 years ago I suffered from a serious illness that left me unable to work for 3 years. My husbands credit is moderate, but not well developed. Rural U.S. if that matters.After our home is purchasedset up, we plan to use our disposable income on traveling and I may start a nonprofit.Can you all help me come up with an advantagesdisadvantages list?  <response>: The only advantage is that youre not paying interest.The disadvantages are you arent using leverage, you tie up a lot of liquidity, youre losing out on tax benefits, youre hugely overconcentrated in a single asset. 