Jimmy, try not to keep up with the Jones’ for a while and rent a house for at least three years. We shouldn’t see the bottom of this correction for at least 3 years. I know, all your other “married” buddies have a house and feel like they’re big players, but you will the baller in a few years if you rent. Besides for that price, you can rent a really nice house, WAY nicer than some 1500sqft home.
Congrats on saving your 70k. This is great and gives my some hope that at least a few people out there can still save.