So here’s our financial details:

Savings:

$140k liquid at 4.5% interest

Retirement: $40k for me, my wife is on a pension

So after taxes and retirement and insurance combined me and my wife bring home $9,000 a month.

I have a $11k car loan at 3.99% percent and a student loan of $9k at 3%.

I am wanting to have 160k saved liquid with zero debt in around 14 months which will be pretty easy to do.

So then I have a 90k down payment with closing costs for a 460-480k home. We could buy it now but I want to wait another year and wipe out the debt.

Here’s the thing. Our lease is up in December. Me and my wife are 25. Our landlord is selling the place so we have to move either way.

I kind of want to rent a SFH to just see what it’s like. Yes, I understand utilities will be expensive and yard work will be required.

But that’s what I’m looking for. I want to see what it would be like to rent a house and somewhat take care of it to somewhat feel what it’s like to live in a SFH.

I’ve also lived in apartments my whole life and I just really want the privacy of a SFH. No shared walls with anyone.

From my understanding we could easily afford a $2200 rent payment instead of a $17-1800 one, but let me know if I’m being irresponsible here.