1. buy house now, put down 20%+, then pay down mortgage aggressively + mortgage deductions
2. wait a bit (several years), save aggressively, and then buy with all(or more)cash/much small(er) mortgage?
psychologically, it bothers me to buy when everyone is trying to buy. I wonder if it may slow down a bit as rates rise.
full emergency fund, Max ing retirement funds, no other debt. I am ok with renting but wife prefers to own a home but she is willing to wait. Like the idea of a home, but the thought of debt and potential for significant declines in home prices give me pause. I have friends that bought pre and even now, their homes are still considerably less than what they initially paid for it.
Trying to look at it from both sides. From a strictly financial perspective, which way is the better way?