The financial guys would probably tell you that parking all that cash in a house does away with your leverage of it. However, at 29 you’ll have plenty of opportunity to make more money for investment purposes.
The freedom to pursue your career goals without having to sweat a large housing expense could have a huge payday. If you have the freedom to focus on something you like it’s more likely you’ll excell at it and rise to the top. You can take more risks because they aren’t as risky for you.