That’s what we did. We should have bought sooner, we would have saved a lot. But we’re happy owning now and not having to worry about what rent will be next year. Hopefully in a few years we’ll refinance at a lower rate and have a lot more principal paid down.

If you’re having kids and you want a big place (we want neither), there are plenty of places in the country where houses (big ones) are a quarter of what they are in the Bay, Seattle, etc. Sure, you won’t be making $350k/year as a senior but the schools will be excellent, your kids will be safer and if one of you lose your jobs it won’t matter because you’ll have a massive emergency fund and lower expenses.