Got done talking to a friend and his wife, and it was about purchasing a home. Now. They pay $1500 in rent right now with both working. They are putting $0 down on a $250k house, and think they are going to have a mortgage of $1500. My whole point of the discussion was they should aim for a lower price house. The $1500 was the MAX. they could pay. Why do that?! Shoot lower just in case someone gets laid off or something. Am I crazy or do the numbers just not add up?