Should I buy a house I can't quite afford?I am a student in my third year of a 4-year graduate program, and in just a couple of months my husband and I will be moving to a more central locale. We are looking at buying a house now, while prices are still so low. Is it ridiculous to buy a house that we qualify for (we are pre-approved) despite the fact that for the next year we will be paying mortgage from savings, and NOT income (my income will significantly decrease during my 4th year)? Based on my math, we have more than enough in savings to pay the mortgage for 12 months. My husband will still be working, and I will be employed (just not working nearly as much).My income once I graduate in 2014 will at least double (from what I'm making now), but more than likely it will at least quadruple . My husband is also hoping to advance at his job in the near future. This will give us more than enough income to pay student loans, mortgage, and add extra payments as well as savings. I just don't want to pass up the opportunity to buy in this market while interest rates are so low!January 11 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.