<prompt> Human: Just a quick question, I am thinking about 5-7 years down the road.I am planning on being an accountant assume 50kyear starting salary and my SO is planning on teaching assume 50kyear starting salary. I am planning on living in Texas, so no state income tax. The cost of living is very cheap, as is the housing.I will have no debt, and she will have around 20k of debt. We both have cars, and the useful life is expected to be greater than 7 years.Her parents are looking at moving, and they said we could live in their current place with a very minimal rent payment utilities. My question is, assuming all of the information above is true, and we lived in the parents house for 2-3 years, would we be able to purchase a house anywhere from 200-150k with cash OR with the aid of a smaller personal loan from a bank?TL;DR - Assuming household income is 100k, and I didnt have to pay rent, could I buy a house that costs around 150k with cash?EDIT: Assume that we are frugal with spending, dont really take vacations for 2 years, cut discretionary spending. I know and understand that this isnt going to be exact at all, all I am asking is if it is possible for a house to be bought with cash provided the aforementioned assumptions are true.Assistant: with the aid of a smaller personal loan from a bankThe real question is who made you so afraid of mortgages.Human: I guess Ive always had the idea that a mortgage has a very hefty interest expense that goes along with it. And yes, I know that the rates are really low right now.  <response>: Hefty in total dollars, but a very good deal when you look at the opportunity cost. Personal loans are going to have an even higher interest rate. 