What’s not being mentioned is the well-being aspect.

Think about the Dave Ramsey approach:

If you can’t buy a house on a 15 year loan @ 25% of your gross income then you can’t afford it.

1. Sell your house
2. Payoff all debt
3. Have a budget and stick to it (I like mint)
4. Establish Emergency Fund
5. Buy what you can afford house wise with a 15 year loan @ 25% of your income.
6. Sleep Easy….