Post # 16
With your financial situation, it makes more sense to rent temporarily, save up a bit, and then consider buying a house. Buying a house is a huge, complicated life event, and you want to be as prepared as possible. There is nothing wrong with renting.
Post # 17
Rent! Don’t put your whole nest egg into a house. Find a decent place to rent, then take your time building your savings and scouting out the area. That way you’re not pressured or rushed to buy something and you can find a home you really like and be more financially secure.
Post # 18
Add another voice to the rent now, buy later choir. Mr Trilly and I were in no financial position to buy and won’t be for a few more years. Until then, we are living in a furnished apartment that recent had a new bathroom fitted because of a mold problem. They tore down an entire wall, ran a dehumidifier for weeks, cleaned all the mold, replaced the bath, put up new waterboards, re-plastered, got rid of the mold in the living room (it was an adjacent wall), put up new panels in the bathroom, and painted the entire living room/kitchen and bathroom. If we had purchased instead of rented, we would have had to do all of that out of pocket.
Post # 19
I agree with previous posters. Don’t feel pressured into buying a house, especially when you don’t have the funds to do so comfortably. I would use the wedding money as the beginning of your savingss for a downpayment. Also, keep in mind that closings costs can also be quite substantial.