We actually already own a house that has declined in value, so we would be walking away from any equity we built. We have a rapidly growing family and don’t see why we should have to live in a townhouse when we make a quarter million dollars a year. We can actually afford well over an $800k house from a monthly cash flow perspective, but still value things like savings and investing. We also have 20% to put down, but unlike most people, don’t want to liquidate absolutely every asset we have to get into a house.
