A 20-minute commute isn't bad at all. And older houses can be much more expensive to maintain, repair, heat and cool, insure, etc. In town taxes will be higher, much higher, to pay for schools you can't use. And there's always the danger of the neighborhood going to shit and your house becoming worthless. At least, that's how it is around here, where in the city the toilets sometimes flow backwards and the city denies liability, then sends you a bill for a thousand dollars when they dig up your street to fix it. Like Piob said, rates and prices are ridiculously low. Buy as much house as you think you'll ever want.