My wife and I got married about a month ago and now we are looking to buy our first home. As a couple we do fairly well, just breaking the $100k level, and have a excellent credit. I contacted my bank about a pre-approval just to see what we could get and it was a decent, $275k with no money down. Now the rant begins. Like I said, my wife and I do ok as a couple and the payments (with taxes and insurance) came out to about $2,100. Normally that should seem doable but becasue we had to put ourselves through college we pay over $1,000 month in student loans and thats not going to change for 20 years. For the same reason we have not been able to save much for down payment/closing costs. In fact, we will be able to cover closing costs but thats it. As you can imagine that seriously cuts into what we can afford for a mortgage. To make matters worse, we live in area where real estate prices are totally out of control. Unless we want to commute 2+ hours a day(which I have beeen doing for 5 years and need a break) we cant afford anything in our area. Even places that we can afford we will have no money left over should the house need repairs. Not a good situation as houses in our range will need some work. Every place we looked at wont even fit my RPTV in the living room, let alone the rest of my HT equipment. I just dont get that here we are, an upstanding young couple that works very hard, put ourselves through school, dont do illegal things, and are honet completely gets the shaft. Its almost like a penalty becasue we didnt have rich parents that spolied us. And how do other people affrod it? I just dont get it. Its like going to college hurt us more than its helping. I know thats not the case as I wouldnt have to the job I do now but you get my point. We are exploring all of our options but becasue on paper we do well and our middle class there doesnt seem to be much out there for us. I needed to get that off my chest. Its very depressing, all I want is a place to call home where I will feel comfortable raising kids and having good schools for them.